Land Financial Manages Research Based On Land Reserve

Since the reform of tax distribution system, local government has made periodically achievements and contributions to the booming of regional economic, the increasing of urbanization and industrialization, as well the marketization of land resources through the development of land finance. Meanwhile, landowners’ rights and interests have been damaged from the unreasonable revenue & expenditure system and benefits distribution institution. Intrinsic development logic of land finance are: the lack of motivation & restriction mechanism, non-cooperative competition between local governments and land property ambiguity. At the same time, the shortage of land administration system externally boost the one-side pursuit behavior of land benefit maximization. The study of land financial governance focus on three aspects. First is reforming land administration system, clarifying the border between governments and market, as well regulating government interventions. Second is reforming fiscal and taxation system, namely reasonably allocating authority & responsibility between central and local governments with effective motivation mechanism. Finally is reforming land property system, namely clarifying ownership of state-owned and collective land, meanwhile establishing comprehensive land property & rights system.The paper proposed to analysis the inherent logic between land reserves and land finance in public choice theory.This paper is divided into five chapters: first chapter mainly introduce research background, theoretical basis and research summary, also present the research thought and technical route. The second chapter analyze the revenue & expenditure status, properties and characteristics of land finance based on data analysis. The chapter also dialectically expound the double effects land finace made on Chinese economic and social development. The third part describes the status and short slab of urban land reserves based on “principal-agent”. The forth chapter discusses the interaction mechanism between land reserves and land finance founded on fiscal decentralization theory, public choice theory and incentive theory. The last part of the paper make proposes on restructuring local government interests system, improvements and legislation consummation of land reserves.