The Turnover Of Officials And The Price Of Land Transfer By Local Governments

The land problem is closely related to the economic development and the well-being of the people's livelihood.In the course of China's economic development,land has been playing a very important role.The act of land transfer is related to the establishment and development of local finance and local industrial system and the construction of infrastructure and is of great significance to the development of local economy.The local government is the main part of the act of land leasing,whose behavior logic behind the land transfer of local government is highly concerned.There is less research to explain local government's land transfer behavior by local officials.This article uses land transfer data from prefecture level cities and local administrative regions from 2007 to 2009 and information on the turnover of the Secretary of the municipal Party committee and the mayor to investigate of the influence of official turnover on the price of land transfer.The results show that the turnover of the municipal Party committee secretary has a significant negative effect on the price of the city massif.In the IV regression using official age and working years as a tool variable,the result can still be concluded.Considering the change of dependent variables,officials' personal characteristics,age ceiling phenomenon,city level,local promotion of officials,proportion of land revenue to local finance and other factors,the regression results can be steady in regression test.And we can draw the following conclusions:in contrast to the other alternative promotion channels,in the case of local promotion,official turnover has a more significant impact on the land transfer price of local governments,and when local finance is less dependent on land leasing the replacement of the Party committee secretary will significantly affect the land price in the area.This result shows that for local economic development and local financial revenue,local officials use land as a policy tool and at the beginning of the presidency,they could attract investment and promote tax revenue by reducing the average land price of government land transfer.