A Study Of Dependence Phenomenon On Land Finance In The Yangtze River Delta Urban Agglomeration

On the basis of relevant literature and policies,this paper studies the phenomenon of local government's dependence on land finance in the past 20 years through the combination of theoretical analysis and empirical analysis.The Yangtze River Delta Urban Agglomeration is selected as research area.In the aspect of theoretical analysis,this paper mainly explains the concept,constitution,system origin,revenue and expenditure management and operation mechanism of land finance.Empirical studies are carried out in three aspects: the scale and structure of land finance,the temporal and spatial changes and influencing factors of land finance dependence,and the risk of land finance dependence.The conclusions are as follows:(1)Land finance refers to a kind of Chinese-style fiscal revenue and expenditure activity,which is composed of land transfer income,land tax revenue and land mortgage loan under the influence of tax-sharing system,government governance model and land transfer system.It is collected by local governments and mainly spent on urban infrastructure construction and production-oriented investment activities;(2)During research period,especially in 2009,the scale of land finance in the Yangtze River Delta urban agglomeration has been expanding,the land price also has been rising,and the changes of land transfer income,land tax revenue and land mortgage loan under large-caliber statistics have obvious differences;(3)The phenomenon of Land Finance Dependence in The Yangtze River Delta Urban Agglomeration prevailed in the first decade of the 21 st century,and the land finance dependence among this urban agglomerations has been increasing.The interaction of dependence is obvious.The focus of land finance is shifting to the economically backward areas,which is inconsistent with the geographic focus of the core functional areas.Moreover,local capital competition is the core factor of the generation and development of land financial dependence,and other factors have time and regional particularity in the role of land financial dependence.(4)The risk assessment of land financial dependence shows the spatial pattern of "high in the West and low in the East".Finally,the paper gives three holistic suggestions to solve the phenomenon of financialdependence on land,which correspond to the analysis results of system origin and influencing factors:(1)The reform of fiscal decentralization system should adjust the relationship between central and local financial powers and coordinate the distribution pattern of interests;(2)The reform of government governance structure should improve the performance evaluation mechanism of officials and promote the transformation of local governments;(3)Land transfer system,etc.Degree should implement revenue budget management and adjust income distribution policy ? Two regional policy recommendations:(2)Accelerate the legislation of real estate tax system,stabilize the source of land tax revenue of local government;(2)Improve the system of construction land transfer,and realize the same price and right of the same land.