| Land finance is a specific product under the process of economic development,with significant stage characteristics.Although the land finance has promoted the rapid development of China's economy,it has been accompanied by some social risks and economic risks.Supply in the country side,therefore,the reform process,how to improve the stability of local government fiscal income,local governments for land resources protection at the same time to ensure construction land needs is facing the current problems in our country.Through the study of land finance in less developed areas,this paper aims to develop a stable source of revenue for local governments and reduce the reliance on land finance.This paper focuses on the analysis of land finance from three aspects.First,analyze the land finance phenomenon from the theoretical perspective,and briefly explain the inevitability of land finance phenomenon in less-developed areas.In the second place,from the macro,meso and micro spatial dimension analyzes the reform of tax allocation and supply side reform under the background of the formation and development of land financial situation,and combining the analysis of regional benefits of land finance in less developed areas,analysis summarized in local government finance to increase land under the situation of project investment,local fiscal gap shows the tendency of gradually expanding.Thirdly,the VAR model is constructed based on JiangXi provincial panel data to build a VAR model for JiangXi fiscal gap,and the dynamic relationship between land finance and fiscal gap in underdeveloped areas is empirically analyzed.Fourth,provide policy Suggestions for improving the land finance phenomenon from the aspects of system,structure and implementation rules.This article through to the JiangXi local fiscal gap and land revenue VAR model is established,and through the analysis of land revenue and fiscal gap of two panel data sequences is smooth,on the basis of the pulse response curves show that JiangXi local fiscal gap stimulates the land revenue to expand unceasingly,but the land revenue due to the unsustainable fiscal revenue's ability to compensate for the local fiscal gap will gradually weaken.Based on local fiscal gap and land revenue after granger causality test proves that the two are granger causality,the local government fiscal gap is the important reasons for the formation of land finance and both influence each other.Therefore,how to improve land financial phenomenon,reduce the dependence of local government on the land finance,explore the stable and sustainable fiscal revenues for local governments to source,promote the rational development of the economy are pressing problems facing the future a long time.The social problems caused by "land finance" caused by high housing price and the unfair distribution of land value-added income have severely restricted the harmonious development of China's economy and society and faced the practical problems that must be transformed.This paper from the aspects of system,structure and so on to improve the current land policies: financial phenomena,property taxes,increasing local government fiscal income approach,reduce the proportion of land revenue in fiscal revenue of local government;Reasonable allocation of land value added benefit and the allocation mechanism of land value added income will be formed.To standardize investment financing platform,to reduce financial risk,it should make local investment financing platform transparent and standardized. |
