The Impact Of Fiscal Pressure On The Marketization Of Land Transfer At Prefecture And City Level

The report of the 19 th National Congress of the Communist Party of China emphasized that China's future economic growth needs to play a decisive role in the effective allocation of resources.China's economy has entered a "new normal".The adjustment and upgrading of the economic structure and the reform and improvement of the economic system have become the driving force for future economic growth,including the rational and effective allocation of production factors such as land and the role of market regulation.Because the local government's power and financial power do not match,some local governments have unscientific competition.The government relies on the development of land finance to affect the unsustainable development of the local economy and cause many drawbacks,such as low utilization of land resources,inadequate infrastructure,and rising unemployment rate.This clearly violates the country's vision of effective resource allocation.Therefore,governments in various regions should focus on promoting the marketization of regional land resources and clarifying the relationship between the market and the government.This paper takes the relevant policies of agricultural tax and fee reform as the entry point.From the perspective of local government financial pressure,this paper examines how local government behavior affects the marketization process of land elements in the context of the abolition of agricultural tax and fee reform.This paper first introduces the development and current situation of financial pressure and market-based land transfer marketization,and provides the institutional background and theoretical basis for the empirical analysis of the article.Secondly,the theoretical framework and logical framework for constructing fiscal pressure and market-level transfer marketization.And expound the research hypothesis of this paper;then,construct the model of fiscal stress shock,explain the definition of variables,conduct descriptive statistics,and use the dou ble difference method to estimate the causal effect,and use the triple difference method for robust test,in the sample selection Exclude the provinces of the reform pilots for comparison.Finally,the paper has a significant negative correlation between financial pressure and marketization of land transfer.Based on the analysis of the previous article,it proposes relevant policy recommendations such as improving the land transfer system and transforming local government functions.