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Demystifying the key for intoxicating land finance in China: An empirical study through the lens of government expenditure
Tang, Peng1; Shi, Xiaoping2; Gao, Jinlong3,4,5; Feng, Shuyi2; Qu, Futian2
2019-06-01
Source PublicationLAND USE POLICY
ISSN0264-8377
Volume85Pages:302-309
Corresponding AuthorShi, Xiaoping() ; Gao, Jinlong(jlgao@niglas.ac.cn)
AbstractIn 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.
KeywordLand finance Government expenditure Internal strengthening Decentralization China
DOI10.1016/j.landusepol.2019.04.012
WOS KeywordFISCAL DECENTRALIZATION ; URBAN CHINA ; ECONOMIC-GROWTH ; POLITICAL CENTRALIZATION ; PUBLIC-EXPENDITURE ; URBANIZATION ; COMPETITION ; LEVEL ; INCENTIVES ; REDEVELOPMENT
Indexed BySCI
Language英语
Funding ProjectNational 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]
Funding OrganizationNational 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
WOS Research AreaEnvironmental Sciences & Ecology
WOS SubjectEnvironmental Studies
WOS IDWOS:000470341600029
PublisherELSEVIER SCI LTD
Citation statistics
Document Type期刊论文
Identifierhttp://ir.igsnrr.ac.cn/handle/311030/59119
Collection中国科学院地理科学与资源研究所
Corresponding AuthorShi, Xiaoping; Gao, Jinlong
Affiliation1.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
Recommended Citation
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.
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