The Bilateral Impact of Transactions of Balancing Cultivated Land Occupation and Reclamation on Local Government Debt Scale in the Context of Land Finance
The purpose of this study is to reveal the bilateral impact mechanism of transactions of balancing cultivated land occupation and reclamation on local government debts in the context of land finance,to provide bilateral experiential insights and systematic research references for the scientific implementation of balancing cultivated land occupation and reclamation,as well as for effectively alleviating local government debt pressures.The research method of econometric model is used.The results show that:1)from the linear perspective,there are bilateral differences in the impact of transactions of balancing cultivated land occupation and reclamation on local government debt scale,as selling land quotas can reduce the scale of local government debt significantly,while buying land quotas has no significant impact.2)From the non-linear perspective,the debt reduction effect of selling land quotas follows a marginally decreasing pattern.Buying land quotas increases local government debt in the initial stage significantly,but it becomes insignificant in later stages.3)The level of local economic development has a heterogeneous impact on the debt-reducing effect of the transactions of balancing cultivated land occupation and reclamation.When the economic development level is at the middle level,selling land quotas could maximize the reduction of local government debt and buying land quotas increases local government debt.When economic development is at a low or a high level,transactions of balancing cultivated land occupation and reclamation helps reduce the government debt of both transaction parties.In conclusion,transactions of balancing cultivated land occupation and reclamation should get rid of the dependence on land finance,and expand marginal revenue via optimizing the spatial configuration efficiency of land,to control the local government debt risk reasonably.
land financebalancing cultivated land occupation and reclamationquota tradinglocal government debt
万方数据
维普
