Land Leasing and Local Public Finance in China's Regional Development: Evidence from Prefecture-level Cities
Land Leasing and Local Public Finance in China's Regional Development: Evidence from Prefecture-level Cities
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DOI：
10.1177/0042098009357961
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发表时间：
2010-09-01
期刊：
影响因子：
4.7
通讯作者：
Cao, Guangzhong
中科院分区：
文献类型：
--
作者：
Tao, Ran;Su, Fubing;Cao, Guangzhong
本文通过分析地方政府在中国经济增长转型不同时期的角色演变，探讨了自20世纪90年代中期以来地方政府利用土地和基础设施补贴作为区域制造业投资竞争的关键工具的财政激励机制。地方土地开发行为与我国现行的土地利用制度和政府间安排有关。本文基于1999 - 2003年中国地级市的面板数据，实证分析并比较了不同土地出让方式（谈判出让与拍卖/招标出让）对财政的影响。最后，本文对我国城市土地制度和财政制度的进一步改革提出了政策建议。
By analysing the evolution of local governments' roles in different periods of China's growth in transition, this paper explores local fiscal incentives to use subsidised land and infrastructure as key instruments in regional competition for manufacturing investment since the mid 1990s. Local land development behaviour is related to China's current land use institutions and intergovernmental arrangements. On the basis of panel data covering prefectural-level cities from 1999 to 2003, the paper empirically identifies and compares the fiscal impacts of different forms of land leasing (by negotiation versus by auction/tender). Policy implications are drawn from this analysis, for the further reform of China's urban land system and fiscal institutions.