Study On The Influence Of Land Factor Investment On Chinese Economic Growth

The land issue is a social essential question.With the implementation of the reform and opening-up police,the land system with Chinese characteristics plays an important role in Chinese economic growth.The land factor?the capital factor and the labor factor are three essential productive factors.Especially,the land finance has become a hot topic of social discussion.Actually this is the Chinese land issue.Firstly,China's land problem involves the arrangement of land property right system.At present,the arrangement of land property rights in China is divided into two levels: urban and rural.Under the arrangement of the urban land state,the land incorporated into the urban planning has become legally state-owned land.When urban land is incorporated into urban planning,it is still essentially the collective ownership of farmers,and the relationship of rights has not changed substantially.However,when the urban land is incorporated into urban planning,the land value will be greatly increased.The next core problem is that when the government collects all the land owned by the suburban farmers,the distribution mechanism of the land's growth income becomes the key issue.China's land problem is related to the local government's land finance behavior.The local government is the subject of land expropriation and the decision maker of the land dividend distribution plan.In the process of land expropriation by local governments,farmers will play a game of interest with local governments,but the reality is that the strong power of local governments can only put farmers at a disadvantage in this game.The local government takes advantage of this strong power,obtains land dividend,and forms the land revenue.Land finance is mainlyused for urban construction,while urban construction will further promote industrialization and urbanization,while the development of industrialization and urbanization will further stimulate the demand for land factors.The paper studied the internal relations of land dividend ? land finance ?industrialization and urbanization,based on the history of Chinese land system.Research results showed that the influence path of land factor to Chinese economic growth is “farmland expropriation—land dividend—land finance—industrialization and urbanization—economic growth”.The results of regression analysis showed that the land factor had little influence to economic growth,because of the development model of Chinese characteristics.