Study On The Influence Mechanism Of Land Finance On The Ability Of Regional Coordinated Development

In the 40 years since the reform and opening-up,China's rapid economic development has been hailed as "China's development miracle",while the regional development gap has continued to widen and the issue of coordinated regional development has attracted wide attention.The academic circles generally believe that the reform of national system,regional policy and science and technology are the main driving force of economic development,but often neglect the important role of land system with Chinese characteristics.Land has been the material basis of China's economic and social development since ancient times,and the corresponding land system with Chinese characteristics has become an important engine for the birth of the miracle of China's economic development,especially the land finance brewing in the land system with Chinese characteristics constitutes an important part of regional development.Land finance makes land a huge and increasing credit source for local governments in China,and its essence is to provide one-time investment financing for urban public services through the sale of land for future value-added.Under the background of China's high-quality development,how does the land system with Chinese characteristics affect the ability of regional coordinated development? This is directly related to the modernization of the country's governance capacity,the overall building of a well-off society,the realization of high-quality development of major issues.There is a need for thematic research in academia.Specifically,we are concerned about how the local government land finance development model has affected the regional coordinated development capacity.Land finance is an important part of regional coordinated development capacity compared with other factors that affect regional coordinated development capacity.The existing research pays attention to the formation reason,influence effect and optimization path of land finance development mode,but lacks the systematic study of the relationship between land finance and regional coordinated development capacity.Therefore,this paper mainly focuses on the following four questions: First,what is the logic of local government behavior under the mode of land finance development? Second,how does land finance affect the ability of regional coordinated development? Third,what is the mechanism of the role of land finance in affecting the coordinated development capacity of the region? Fourth,is the influence of land finance on the ability of regional coordinated development obvious regional heterogeneity? On the basis of a comprehensive examination of the above-mentioned issues,the relevant policy system of regional coordinated development capacity improvement is put forward from the perspective of optimizing the local government's land finance development model.Firstly,this paper clearly defines the concept of land finance,local government behavior and regional coordinated development capacity,and does theoretical extension analysis;secondly,it systematically combs the policies related to the coordinated development of land finance and regional development in China since the reform and opening up,trying to find out the policy context of the central government;In order to study the influence of land finance on the ability of regional coordinated development in more depth and detail,this paper analyzes the combination of empirical research and case analysis,and in empirical research,completes the following three tasks with the study sample of provinces,municipalities and autonomous regions in 2002-2017 The second is to construct a spatial measurement model and an intermediary effect model to empirically test the influence and mechanism of the "ground-based capital" behavior on the regional coordinated development ability under the incentive of local government promotion,and the third is to build a regression model with mechanism variables based on the existing research results,and empirically test the direction and intensity of the two paths of local government investment bias and infrastructure spillover effect;A comparative regression analysis of the regional coordinated development capacity of land finance in the two provinces is made to examine the regional heterogeneity of the regional coordination development capacity of land finance influence.The study found that land finance has both positive and negative effects on regional coordinated development capacity,which are nonlinear and have obvious regional heterogeneity characteristics,and should have a rational attitude towards regional differentiated management and avoid one-size-fits-all;the intermediary effect affecting the coordinated development ability of the region reached 0.009.Land finance can enhance regional coordinated development capacity through infrastructure spillover effect,but the investment bias effect will also lead to the widening of regional development gap and the worsening of regional income gap,and the two mechanisms jointly explain the impact of land finance on regional coordinated development capacity of 29.63 percent.The conclusion of the relevant research has important policy enlightenment to perfect the national land finance management strategy and construct a more effective new mechanism for regional coordinated development: First,to further promote the reform of land marketization.Establish and improve the unified urban and rural construction land market,and promote the new urbanization background of household registration reform.The second is to remove the institutional soil of land financial dependence.We will deepen the reform of the state's financial system and establish and implement a scientific and reasonable performance appraisal system.Third,the government should implement regional differentiation of land fiscal policy.To formulate regional differentiated land finance development policies and fully release the dividend effect of land finance on regional coordinated development capacity.Fourth,accelerate the transformation of the "post-land finance" development mode and integrate it into the development strategy framework of the new era.We will strengthen the scientific and technological development of measuring the scale of land finance and evaluating the ability of regional coordinated development,improve the accuracy of research and evaluation,actively integrate into the strategy of rural revitalization,and realize the regional coordinated development strategy to meet the development requirements of the new era.