TY - JOUR
T1 - Sustainable land financing in a new urbanization context: theoretical connotations, empirical tests and policy recommendations
AU - Geng, Bin
AU - Zhang, Xiaoling
AU - Liang, Ying
AU - Bao, Haijun
AU - Skitmore, Martin
N1 - Funding Information:
This article received support from the National Natural Science Foundation of China (Grant No. 41401624; 71303203) and the Natural Science Foundation of Zhejiang province (Grant No. LQ14D010004). This research is also supported by the National Natural Science Foundation (Project No: 71303203; 71373231; 71673232), the Early Career Scheme of Hong Kong Research grant council (Project No: 9048039), the General Research Funding of Hong Kong Research grant council (Project No: 9042363), the Environment and Conservation Fund (Project No: 92110732) funded by HKSAR Depts, the Research Writing Grant from the College of Liberal Arts and Social Sciences, City University of Hong Kong (Project No: 9618005). The work described in this paper was also substantially supported by the Matching fund for NSFC (Project No: 9680114 and 7004309); Key Project of National Natural Science Fund (No: 71533004); Mega-project of National Social Science Fund (No. 15ZDA021); and the Lincoln Institute of Land Policy Fundation project, (USA & China) (project no: R-IND6604).
Publisher Copyright:
© 2016 Elsevier B.V.
Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 2018/1
Y1 - 2018/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85034112304&partnerID=8YFLogxK
U2 - 10.1016/j.resconrec.2016.11.013
DO - 10.1016/j.resconrec.2016.11.013
M3 - Article
AN - SCOPUS:85034112304
SN - 0921-3449
VL - 128
SP - 336
EP - 344
JO - Resources, Conservation and Recycling
JF - Resources, Conservation and Recycling
ER -