Land Leasing and Local Public Finance in China's Regional Development: Evidence from Prefecture-level Cities

By analysing the evolution of local governments' roles in different periods of China's growth in transition, this paper explores local fiscal incentives to use subsidised land and infrastructure as key instruments in regional competition for manufacturing investment since the mid 1990s. Lo...

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Bibliographic Details
Published in:	Urban studies (Edinburgh, Scotland) Scotland), 2010-09, Vol.47 (10), p.2217-2236
Main Authors:	Tao, Ran, Su, Fubing, Liu, Mingxing, Cao, Guangzhong
Format:	Article
Language:	eng
Subjects:	Agricultural land Area planning & development Asia Auctions Bgi / Prodig China China (People's Republic) Cities Competition Corporate taxes Corporations Economic development Economic growth Financing Human geography Incentives Income taxes Infrastructure Institutions Investments Land development Land economics Land reform Land use Land utilization Leases Leasing Local government Manufacturing Negotiation Panel data Public finance Public lands Reforms Regional analysis Regional development Regional planning Regional variations Social development State role Subsidies Tax incentives Urban areas Urban planning Value added taxes
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Summary:	By analysing the evolution of local governments' roles in different periods of China's growth in transition, this paper explores local fiscal incentives to use subsidised land and infrastructure as key instruments in regional competition for manufacturing investment since the mid 1990s. Local land development behaviour is related to China's current land use institutions and intergovernmental arrangements. On the basis of panel data covering prefectural-level cities from 1999 to 2003, the paper empirically identifies and compares the fiscal impacts of different forms of land leasing (by negotiation versus by auction/tender). Policy implications are drawn from this analysis, for the further reform of China's urban land system and fiscal institutions.
ISSN:	0042-0980 1360-063X