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 inUrban studies (Edinburgh, Scotland) Vol. 47; no. 10; pp. 2217 - 2236
Main Authors Tao, Ran, Su, Fubing, Liu, Mingxing, Cao, Guangzhong
Format Journal Article
LanguageEnglish
Published London, England SAGE Publications 01.09.2010
Longman Group
Sage Publications Ltd
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
China
China, People's Rep
Competition
Regional economy
Regional development
Local authority
Land market
Land development
Land
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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.
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ISSN:0042-0980
1360-063X
DOI:10.1177/0042098009357961