Research On The Influence Of Bank Credit And Land Finance To Urbanization In China

In the process of urbanization, land finance as a major source of government revenue, provide important financial support for promoting the construction and development of cities and towns. But with the government on land finance is increasingly dependent on, its negative effects gradually. Such as: rising prices, the serious contradiction between people and so on. In addition, state funding is limited,relying solely on financial support from the land of urbanization is not conducive to the long-term development of the urbanization, and therefore play to banks for financial leading financing, will be to alleviate the urbanization construction land finance dilemma of effective measures.In the process of urbanization, land finance as one of the main sources of government revenue, to promote the construction and development of cities and towns to provide an important financial support. But with the government's increasingly dependent on land finance, its negative role gradually highlights. As prices rise, serious contradiction between people and land etc.. In addition, state funding is limited, relying solely on financial support from the land of urbanization is not conducive to the long-term development of the urbanization, and therefore play to banks for financial leading financing, will be to alleviate the urbanization construction land finance dilemma of effective measures.The current research on urbanization is mostly used the single index of population urbanization, and the population urbanization and land urbanization two angle measure. This paper first elaborates the inherent logic relation from the angle of theory and current situation of bank credit, land finance and population urbanization and land urbanization. Urbanization is first and for the growth of the urban population,population urbanization, and corresponding to the development of the urbanization of population is construction and perfection of the construction of urban infrastructure and public services, and on the citizenization of rural migrant workers identity conversion cost investment, and the project has funds need large amount of investment and long time, therefore mainly rely on is the support of bank credit and land finance. But with the excessive expansion of land finance in recent years, leading to the financial support of the land in the process of urbanization in the process of deviation, that is, the population of cities and towns lag land. Therefore, alleviate financial difficulties of land is imperative, and banking financial institutions becauseof its strong financial capacity and ability to allocate capital gathering, will be an important source of funding for the future development of urban construction, so our country should need to accelerate the reform of the credit system, to further develop the role of bank credit funds for urban construction.At the end of this paper, based on a panel data of 31 provinces during 2001 to2014 years of established pvar model, through the panel moment estimation, impulse response analysis and variance decomposition and analysis of bank credit, land finance of population urbanization and land urbanization support effect. Measurement results show that there is positive interaction between bank credit, land and population urbanization, but with time land finance supporting role was gradually decreased, and bank credit to the population urbanization support should be greater than the land finance; and the support effect of land finance for urbanization obviously biased in urban land, it is the leading cause of population urbanization lags behind the urban land is one of the main reasons.