经济管理
經濟管理
경제관리
Economic Management Journal(EMJ)
2013年
6期
32~42
,共null页
土地财政 经济增长 区域差异 影响因素
土地財政 經濟增長 區域差異 影響因素
토지재정 경제증장 구역차이 영향인소
land finance ; economic growth ; regional differences ; influential factors
土地财政已经成为当前我国宏观经济运行中的突出问题之一。本文首先从历史条件、地方政府的收支约束和制度环境三方面对我国地方土地财政的形成原因展开理论分析,然后对土地财政收入增长和差异的动态原因进行实证研究,分析影响区域特征差异的主要因素。研究发现,经济发展因素和制度变化因素均是影响中国土地财政变动的重要方面;土地财政收入增长具有明显的路径依赖特征,前期的增长会形成惯性而影响后期的增长;在不同发展水平的地区,土地财政在地方财政缺口、腐败程度、区域竞争和土地融资等方面存在差异,而在二元土地制度、财政信息披露程度、经济增长和城市化等方面的影响显著,只是程度不同。政府在解决土地财政问题时,应根据不同地区的发展特点实施差别的调控政策。
土地財政已經成為噹前我國宏觀經濟運行中的突齣問題之一。本文首先從歷史條件、地方政府的收支約束和製度環境三方麵對我國地方土地財政的形成原因展開理論分析,然後對土地財政收入增長和差異的動態原因進行實證研究,分析影響區域特徵差異的主要因素。研究髮現,經濟髮展因素和製度變化因素均是影響中國土地財政變動的重要方麵;土地財政收入增長具有明顯的路徑依賴特徵,前期的增長會形成慣性而影響後期的增長;在不同髮展水平的地區,土地財政在地方財政缺口、腐敗程度、區域競爭和土地融資等方麵存在差異,而在二元土地製度、財政信息披露程度、經濟增長和城市化等方麵的影響顯著,隻是程度不同。政府在解決土地財政問題時,應根據不同地區的髮展特點實施差彆的調控政策。
토지재정이경성위당전아국굉관경제운행중적돌출문제지일。본문수선종역사조건、지방정부적수지약속화제도배경삼방면대아국지방토지재정적형성원인전개이론분석,연후대토지재정수입증장화차이적동태원인진행실증연구,분석영향구역특정차이적주요인소。연구발현,경제발전인소화제도변화인소균시영향중국토지재정변동적중요방면;토지재정수입증장구유명현적로경의뢰특정,전기적증장회형성관성이영향후기적증장;재불동발전수평적지구,토지재정재지방재정결구、부패정도、구역경쟁화토지융자등방면존재차이,이재이원토지제도、재정신식피로정도、경제증장화성시화등방면적영향현저,지시정도불동。정부재해결토지재정문제시,응근거불동지구적발전특점실시차별적조공정책。
In recent years, land finance has become one of the prominent problems in China's macroecono- my. The proportion of land finance in the local government revenue is so large that local governments are highly de- pendent on revenues from land sales, especially for the developed areas in China. This paper uses economic theory to analyze the influential factors of China's local land finance, and then establishes Chinese provincial panel data econ- ometric models for empirical study. It focuses on analyzing the dynamic changes of local fiscal revenues growth and its differences, and explores the influential rules under the changes in space and time. In the end, some policy sug- gestions are put forward. The following are the main creative points. Under the existing system of tax, land and politics, this paper analyzes the influential factors of land finance from the following aspects : historical conditions, the income and the payout of local finance, and institutional envi- ronment. The causes show as follows : Firstly, China's tax system reform has led to the responsibility of the local gov- ernment does not match its financial rights, and it gives rise to a situation of the extremely shortage of local govern- ment finances. Secondly, duality land system is the essential reason of the land finance problem. Under duality land system, local governments can easily collect rural land at a very low price, and become the supply monopolist in land market. By the mode of "land collection, and then sell" ,local governments can get big financial revenue from land transaction. Thirdly, in the process of Chinese reform and development, the promotion incentives and land finance played a crucial role. And they made an important contribution for social and economic development. In the early stage of economic development, land finance has made some contributions to local infrastructure construction and e- conomic growth. However, with the rapid development of local and regional economy in China, the hazards of land fi- nance begin to appear during these years and become one of the important factors of hindering social economic de- velopment. Base on the analysis above, this paper selects some relevant indexes and sets up different estimation methods, including static regression model and dynamic regression model. Then by using China's 30 provinces data,it applies GMM method to estimate the models. The conclusions about influential factors and regional differences of China's land finance are the same generally in both static model and dynamic model. The results are just as follows: Firstly, the effects of influential factors on land financial revenue vary with time and space. Land financial revenue growth is significantly characterized by route dependence and the early growth will affect the latter growth owing to the inertia. Secondly, for the regions with different levels of economic development, there are different effects of local fis- cal gap, corruption levels, regional competition, and land financing on land finance, while there are significant effects of duality land system, the disclosure of fiscal information, economic growth and urbanization, but merely a difference of degree. Thirdly, local land finance in China has some remarkable regional characteristics : ( 1 ) Land price and real estate price in developed regions are much higher than those in underdeveloped regions. Under duality land system, with stronger regional competition and land financing, developed regions are more easily to get land financial reve- nues than underdeveloped regions. (2) For lack of transparency in underdeveloped regions, the activities of land ren- ting and corruption make local government increase its reliance on land finance. Therefore, by solving the problems of land finance, the government should take account of the difference of local economic development and take meas- ures in regions consistent with their development levels.