A Research On The Impact Of The Local Government Land Finance On Local Social Economy And Governance

Since the 1990 s,the characteristics of local fiscal revenue characterized by high land transfer fees have gradually emerged in the process of local economic development.Since then,the issue of land finance has been a controversial topic that has attracted public opinion and academia.What is the impact of land finance on local governments? On the one hand,land finance has stimulated the development of the local economy and accelerated the process of urbanization.On the other hand,it has brought about rapid depletion of land resources,land requisition disputes,violent demolition,and price increases.In recent years,economic and social issues have begun to revisit the issue of land finance.From the perspective of economics,the generation of local government land finance needs to be understood from the perspective of the decentralization system.Under the decentralization theory,the division of authority and financial power between the central and local governments has a direct impact on the choice of local government behavior.In addition,there is an obvious trust-agent relationship between the central and local governments.It is precisely because of this that local governments often take some deviations from the expectations of the central government in order to maintain the financial operation and improve the level of local economic development.Fiscal policy,through the uncontrolled transfer of land to obtain a large amount of land transfer fees to obtain its revenue.In addition to maintaining a fair distribution of local land revenues,the central government must act as a principal and agent to perform other different interests.In addition,the theory of endogenous economic growth explains that land finance,as an important supplement to local government public expenditure,has effectively promoted local economic growth.This paper analyzes the specific impact of land finance on the local government's economy and society on the basis of understanding fiscal finance and land finance from the perspective of fiscal sociology under the background that landfinance has a practical impact on local economic and social development.Through the combing of the concept of land finance and the theoretical study,it is found that there are various reasons for the local government's land finance,followed by an explanation of its positive and negative effects on the basis of the analysis of the land finance situation in Yunnan Province,and the adoption of county-level land finance.Cases are compared to strengthen the analysis of regional differences in the impact of land finance,and then analyze the causes of land finance from three aspects,and finally put forward a discussion on the governance path of local government land finance,and provide relevant policies and recommendations.