Land Capitalization,Local Government Debt And District Financial Development

This paper reviews and organizes relevant literature,and on the basis of that,makes a brief summary and evaluation for former research results.The empirically analyzes the relation between the land capitalization,local government debt and district financial development by using panel data of China’s provinces.we find that local government debt actually improve the degree of land capitalization and degree of district financial.From another angle,land capitalization makes local government tend to increase more debt.These two effects are different in Different provinces of district financial development.Besides that,we also find the effects in different province show different effect by area division.In spite of the effect between local government debt and land capitalization is positive,the east area are more remarkable than Midwest area.Under the current station in China,local government debt is large,the degree of land capitalization not so high and the total degree of district finance in the phase of primary and secondary.So,we analyze the relation between the local government debts,land capitalization and district finance has theoretical and practical implications.