Demystifying the key for intoxicating land finance in China: An empirical study through the lens of government expenditure

doi:10.1016/j.landusepol.2019.04.012

	Demystifying the key for intoxicating land finance in China: An empirical study through the lens of government expenditure
	Tang, Peng 1; Shi, Xiaoping 2; Gao, Jinlong 3,4,5; Feng, Shuyi 2; Qu, Futian 2
刊名	LAND USE POLICY
	2019-06-01
卷号	85 页码:302-309
关键词	Land finance Government expenditure Internal strengthening Decentralization China
ISSN号	0264-8377
DOI	10.1016/j.landusepol.2019.04.012
通讯作者	Shi, Xiaoping() ; Gao, Jinlong(jlgao@niglas.ac.cn)
英文摘要	In recent decades, a sharp increase in land financing has eased the fiscal restraints that existed with regard to government expenditure in China. Introducing the land financing behaviors of local governments into the interactional framework of budgetary revenues and expenditure, this paper analyzes the influence of land finance on the preferences of local fiscal expenditure. First, we propose a theoretical hypothesis on the internal logical relationship between land finance and local governments' preferences on expenditure. Thereafter, the simultaneous equations model (SEM) is employed based on data collected upon 31 provinces between 1999 and 2014. The results imply that land finance has increased the preference for local governments' expenditure on capital construction projects while decreasing local governments' interest in public services. Moreover, even when local governments have faced policy constraints from the central state, their preferences have not significantly changed. Meanwhile, the multiplier and spillover effects of increasing expenditure upon capital construction and public services would significantly increase the potential revenues from urban land, which are recognized as an internal strengthening mechanism working between local government expenditure and land finance.
资助项目	National Social Science Foundation of China[15CGL054] ; National Natural Science Foundation of China[41701193] ; National Natural Science Foundation of China[41601172] ; Fundamental Research Funds for Central Universities[skq201614] ; Research Fund of Key Laboratory of Coastal Zone Exploitation and Protection, Ministry of Natural Resources[2017CZEPK04]
WOS关键词	FISCAL DECENTRALIZATION ; URBAN CHINA ; ECONOMIC-GROWTH ; POLITICAL CENTRALIZATION ; PUBLIC-EXPENDITURE ; URBANIZATION ; COMPETITION ; LEVEL ; INCENTIVES ; REDEVELOPMENT
WOS研究方向	Environmental Sciences & Ecology
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000470341600029
资助机构	National Social Science Foundation of China ; National Natural Science Foundation of China ; Fundamental Research Funds for Central Universities ; Research Fund of Key Laboratory of Coastal Zone Exploitation and Protection, Ministry of Natural Resources
内容类型	期刊论文
源URL	[http://ir.igsnrr.ac.cn/handle/311030/59118]
专题	中国科学院地理科学与资源研究所
通讯作者	Shi, Xiaoping; Gao, Jinlong
作者单位	1.Sichuan Univ, Sch Publ Adm, Dept Land Resource & Real Estate Management, 24 South Sect 1,Yihuan Rd, Chengdu 610065, Sichuan, Peoples R China 2.Nanjing Agr Univ, Coll Publ Adm, Weigang 1, Nanjing 210095, Jiangsu, Peoples R China 3.Chinese Acad Sci, Nanjing Inst Geog & Limnol, Key Lab Watershed Geog Sci, 73 East Beijing Rd, Nanjing 210008, Jiangsu, Peoples R China 4.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China 5.Minist Nat Resources, Key Lab Coastal Zone Exploitat & Protect, Nanjing 210024, Jiangsu, Peoples R China
推荐引用方式 GB/T 7714	Tang, Peng,Shi, Xiaoping,Gao, Jinlong,et al. Demystifying the key for intoxicating land finance in China: An empirical study through the lens of government expenditure[J]. LAND USE POLICY,2019,85:302-309.
APA	Tang, Peng,Shi, Xiaoping,Gao, Jinlong,Feng, Shuyi,&Qu, Futian.(2019).Demystifying the key for intoxicating land finance in China: An empirical study through the lens of government expenditure.LAND USE POLICY,85,302-309.
MLA	Tang, Peng,et al."Demystifying the key for intoxicating land finance in China: An empirical study through the lens of government expenditure".LAND USE POLICY 85(2019):302-309.