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| Increase of Land Transfer Fee and Intensive Economic Growth in China:Empirical Analysis Based on Provincial Panel Data |
| ZHAO Wen-jun |
| College of Economics, Shenzhen University, Shenzhen, Guangdong, 518060 |
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Abstract The intensification process of China’s economic growth is not optimistic, on which the increase of land transfer fees has great impact. Based on the data of 30 provinces from 1999 to 2015, using the dynamic panel system GMM method, this paper analyzes the impact of the increase of land transfer fees on the intensification of China’s economic growth. The findings shows that the land transfer fees of all provinces in China are growing rapidly, contributing strongly to local fiscal revenue and even becoming the main source of local fiscal revenue. The change in intensification level of China’s economic growth has a significant self-reinforcing effect, and this effect is stronger in coastal areas and areas of higher intensification level. The strong increase of land transfer fees in China has obvious negative impact on intensive economic growth in China, and the negative impact is larger in coastal areas and areas of lower intensification level. The expansion of land transfer in China through bidding, auction and listing has no positive effect on Chinas’ intensive economic growth, and even has negative effect in inland areas and areas of lower intensification level.
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Received: 24 June 2019
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2019, Vol. 36 
