Land finance, financial development and urban expansion

Abstract

Abstract: Based on the panel data of 285 prefecture-level cities and above in China from 2003 to 2016, five kinds of spatial econometric models were used. By setting up geographical distance spatial weight matrix, the impact of land finance and financial development on urban expansion was analyzed. Our results show that, firstly,land finance and financial development have an alternative relationship for the expansion of local cities, but this alternative relationship has significant spatial heterogeneity at different regions and different scale cities. Secondly, the concentration of population is the main promoting factor for urban expansion, and the greening degree is the main inhibiting factor for urban expansion. Thirdly, urban expansion has significant "time inertia",that is,urban expansion that lags one phase will have a positive impact on current period.

Key words: land finance, financial development, urban expansion

CLC Number:

F061.5

FENG Yan-chao, WANG Xiao-hong. Land finance, financial development and urban expansion[J]. , 2019(01): 25-36.

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