Blessing or curse? Impact of land finance on rural public infrastructure development

Blessing or curse? Impact of land finance on rural public infrastructure development
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祝福还是诅咒?

DOI:
10.1016/j.landusepol.2019.03.036
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发表时间:
2019-06
期刊:
影响因子:
7.1
通讯作者:
Liu Fang
Liu Fang
中科院分区:
法学1区
文献类型:
--
作者:
Zhong Taiyang;Zhang Xiaoling;Huang Xianjin;Liu Fang

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虽然土地收入在中国的财政收入和支出中发挥了重要作用,但人们对土地收入与农村基础设施投入之间的联系及其对农村基础设施财政支出格局的影响知之甚少。为了进一步研究这一点,我们研究了土地财政对农村基础设施投入的影响,通过对30个省级地区10年的面板数据集进行回归分析。研究结果表明,土地财政的作用是由土地财政收入的多少和对土地财政的依赖程度共同决定的。土地收入的增加促进了农村基础设施投入的增加,而对土地融资的依赖增加则减少了农村基础设施投入。这是福是祸,取决于该地区对土地收入的依赖程度和该地区的长期发展战略。虽然土地财政对农村基础设施投入具有混合效应,但它并不影响农村基础设施财政支出的“市场化”配置。土地融资可用于支持农村基础设施发展。土地融资的农村公共基础设施发展面临的挑战是如何增加土地收入,避免长期严重依赖土地融资。
While land revenue has played an important role in China’s fiscal revenue and expenditure, little is known of the linkage between land revenue and rural infrastructure inputs and its impact on the landscape of fiscal spending on rural infrastructure. To investigate this further, we study the effect of land finance on rural infrastructure inputs by a regression analysis of a panel data set collected for 30 provincial-level regions over a ten-year period. The results show that the effect is jointly determined by the amount of land revenue and degree of reliance on land finance. Increases in land revenue contributed to an increase in rural infrastructure inputs while an increase in reliance on land finance decreased rural infrastructure input. Whether this is a blessing or a curse depends on how dependent the region is on land revenue and the region’s long-term development strategy. Although land finance has mixed effects on rural infrastructure input, it does not influence the “market town-biased” allocation of fiscal spending on rural infrastructure. Land finance can be used to support rural infrastructure development. The challenge for land financed rural public infrastructure development is how to augment land revenue and avoid a heavy dependence on land finance in the long run.
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