Sustainable land financing in a new urbanization context: theoretical connotations, empirical tests and policy recommendations

Bin Geng, Xiaoling Zhang*, Ying Liang, Haijun Bao, Martin Skitmore

*Corresponding author for this work

Research output: Contribution to journalArticleResearchpeer-review

7 Citations (Scopus)

Abstract

This paper explores the theoretical connotation of sustainable land financing and examines its evolution in China. The empirical results demonstrate that the Chinese land financing sustainability index considerably fluctuated from 1999-2011, and has since remained relatively low. It is found that structure disequilibrium, lack of a driving-force mechanism, inefficient income and land financing instability considerably hinder the sustainable development of land financing. It is concluded that reform measures such as transforming local government revenue patterns, adjusting land financing structures and increasing land tax revenue can bring about an improvement. This is not only of theoretical value but also of practical great value for promoting the reform of sustainable land financing.

Original languageEnglish
Pages (from-to)336-344
Number of pages9
JournalResources, Conservation and Recycling
Volume128
Early online date20 Dec 2016
DOIs
Publication statusPublished - Jan 2018
Externally publishedYes

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