Research On The Impact Of Financial Capitalization Incentives On The Unbalanced Development Of Urbanization

One of the important achievements of China's rapid development is the accelerating urbanization process.Its distinctive feature is that spatial urbanization takes precedence over population urbanization.This development model is sought after by governments at all levels,mainly because space urbanization has promoted local governments in the short term.The explosive growth of fiscal revenue,but a series of negative effects brought about by this development has been fully exposed,such as extensive urban space expansion,resulting in chaotic growth of urban scale,the local and objective requirements of local governments to pursue fiscal revenue further promote urbanization Unbalanced development,land resource utilization efficiency is not high,land financial weaknesses appear,and local economic structure is even deformed.This is obviously inconsistent with the requirements for high-quality economic development since the 19 th National Congress.How to promote the coordinated development of population urbanization and spatial urbanization is an important issue that cannot be avoided in the process of urbanization in China.This paper attempts to solve the problem of imbalance in urbanization development from the perspective of fiscal capitalization incentives.This paper first defines the connotation of fiscal capitalization incentives from theoretical research,analyzes the mechanism of the impact of fiscal capitalization incentives on the coordinated development of urbanization,and secondly uses the entropy method to construct a comprehensive evaluation system for the coordinated development of population urbanization and land urbanization.Finally,using the panel data of 30 provincial-level administrative regions in mainland China,the panel model is constructed to empirically examine the relationship between the fiscal capitalization incentives and the coordinated development of urbanization in 2001 from the perspective of land capitalization and property tax capitalization.The results show that the stronger the local government's land transfer capitalization incentives,the faster the land urbanization development;the stronger the property tax capitalization incentives,the faster the population urbanization development.However,at present,most local governments in China have not started the property tax,and can only replace the capitalization incentives of housing prices by providing people's livelihood public services,so it cannot significantly promote the urbanizationof the population.This article will propose corresponding policy recommendations.Facing the complicated system engineering of coordinated urbanization development,it is necessary to continuously deepen the reform of the land system and fiscal and taxation system,improve the performance evaluation system,scientifically implement the financial capitalization incentives,enhance the local government's fiscal revenue capacity,and realize the population urbanization and land towns.Towards a balanced and coordinated way to promote high-quality economic and social development.