Problems and Countermeasures of Industrial Land Transformation from the Perspective of Transaction Costs

Abstract

The importance of deepening the mode of conversion of industrial land use in the context of new business is self-evident. However, in concrete practice, there are still many difficulties and challenges in the conversion of industrial land, such as the slow progress of conversion, the difficulty of land transfer, and the reluctance of land right holders to convert. One of the major reasons for the difficulty of conversion is the high transaction cost behind conversion, which makes it difficult to transfer industrial land and increases the complexity of converting inefficient and stocked industrial land.So to date, few academics have analyzed the transformation of industrial land in depth from the reason of transaction cost. Thus, this paper will analyze the reasons for the difficulty of industrial land transformation from the transaction cost theory in new institutional economics, and try to put forward corresponding countermeasure suggestions, so as to provide new perspectives for relevant departments and scholars to promote the study of industrial land transformation.