Analysis On The Influencing Factors Of Local Government’s Dependence On Land Finance Under IAD Framework

Since the reform and opening up,with the continuous acceleration of urbanization and the rapid development of the real estate industry,the price of land resources has risen with the supply and demand factors.In addition to the tax sharing reform,local government revenues are gradually tightened,and the way to reduce local financial pressure through the transfer of state-owned land use rights in exchange for revenue was once sought after by local governments,and played an important role in the development of urban infrastructure construction in the early stage.However,as the level of social development continues to rise,the problems caused by the over-dependence of local governments are gradually exposed,and industrial development is hampered,urban and rural development is unbalanced,and the income gap is widening,which will be detrimental to economic and social development in the long run.At present,a large number of scholars have analyzed "land finance" from the perspective of theory and practice,but most of them have analyzed the relationship between a single factor and "land finance",lacking a systematic and comprehensive analysis framework.Based on the theory of land property rights and principal-agent theory,combined with the IAD framework,this paper takes the land finance situation of 13 districts and counties in Hangzhou from 2012 to 2020 as the research object,and constructs the IAD framework of local government land finance dependence from two aspects of external factors and action stage.Through descriptive statistical analysis and panel model analysis of the external factors that affect the local government’s land fiscal dependence,such as the regional traffic situation,infrastructure construction level,industrialization level,population change,urbanization level,policy factors,and the action scenarios that affect the local government’s land fiscal dependence,such as the competition between local governments and the situation of the top leaders themselves,Then,it makes an empirical analysis of the factors that affect the local government’s land finance.The results show that:(1)infrastructure construction,urbanization process,age structure of officials and regional competition have no significant impact on the local government’s land financial dependence;(2)the level of industrialization has a significant negative impact on the local government’s land financial dependence.(3)Density of highway,population changes and fiscal decentralization have a significant positive impact on the local government’s land finance dependence.Finally,in order to better solve the local government’s dependence on land finance,the author puts forward some countermeasures and suggestions to solve the above problems from three aspects: improving the assessment system,improving the financial system,and improving the land transfer system,hoping to make more reasonable use for the local government.Provide theoretical reference for land resources and the realization of healthier industrial development.