Helping hand or grabbing hand: The impact of land finance on the green economic development in China

IF 7.4 2区 经济学 Q1 BUSINESS, FINANCE
Yicheng Zhou , Boqiang Lin
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引用次数: 0

Abstract

Using the panel data of 30 provinces in China from 2003 to 2019, this paper investigates the impact of land finance (LF) on green economic development (GED) and its spatial effects. It is found that LF significantly reduces GED in China, especially in the midwestern and before 2012. Moreover, the spatial effect analysis shows that LF not only inhibits GED in the local area, but also has a significant negative effect on GED in neighboring areas. In short, reducing land financial dependence is conducive to green development.
帮手还是抓手?土地财政对中国绿色经济发展的影响
本文利用 2003 年至 2019 年中国 30 个省份的面板数据,研究了土地财政(LF)对绿色经济发展(GED)的影响及其空间效应。研究发现,土地财政显著降低了中国的绿色经济发展水平,尤其是在中西部地区和 2012 年之前。此外,空间效应分析表明,土地财政不仅抑制了当地的绿色经济发展,还对周边地区的绿色经济发展产生了显著的负面影响。总之,降低土地财政依赖有利于绿色发展。
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来源期刊
Finance Research Letters
Finance Research Letters BUSINESS, FINANCE-
CiteScore
11.10
自引率
14.40%
发文量
863
期刊介绍: Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance
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