How Land Finance Affects Green Economic Growth in Chinese Cities
Land finance is an important means for local governments to develop a regional economy. Studying the impact of land finance on green economic growth has important practical significance for achieving high-quality economic growth in China. This article uses panel data from 283 prefecture-level cities...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-08-01
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| Series: | Land |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2073-445X/10/8/819 |
| _version_ | 1797523211836981248 |
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| author | Shiying Hou Liangrong Song Jiaqi Wang Shujahat Ali |
| author_facet | Shiying Hou Liangrong Song Jiaqi Wang Shujahat Ali |
| author_sort | Shiying Hou |
| collection | DOAJ |
| description | Land finance is an important means for local governments to develop a regional economy. Studying the impact of land finance on green economic growth has important practical significance for achieving high-quality economic growth in China. This article uses panel data from 283 prefecture-level cities in China to construct a spatial econometric model to study the impact of land finance on green economic growth. The research results show that land finance has a significant inhibitory effect on the growth of the green economy. The direct, indirect and total effects of land finance on green economic growth are all significantly negative, which indicates that the local government’s method of making up for the financial funding gap through land finance not only inhibited the green economic growth in the region, but also had an impact on neighboring areas. Local government competition has a regulating effect on the impact of land finance and urban green economic growth, and government competition has actually strengthened the inhibitory effect of land finance on green economic growth. The above conclusions can provide useful practical guidance for optimizing the development of land finance, standardizing local government behavior, and promoting green economic growth. |
| first_indexed | 2024-03-10T08:40:11Z |
| format | Article |
| id | doaj.art-938266c53b034d7ba96e1b043ec3c87c |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-03-10T08:40:11Z |
| publishDate | 2021-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-938266c53b034d7ba96e1b043ec3c87c2023-11-22T08:20:54ZengMDPI AGLand2073-445X2021-08-0110881910.3390/land10080819How Land Finance Affects Green Economic Growth in Chinese CitiesShiying Hou0Liangrong Song1Jiaqi Wang2Shujahat Ali3Business School, University of Shanghai for Science and Technology, Shanghai 200093, ChinaBusiness School, University of Shanghai for Science and Technology, Shanghai 200093, ChinaFaculty of Economics and Administration, Universiti Malaya, Kuala Lumpur 50603, MalaysiaDepartment of Banking and Finance, Mirpur University of Science and Technology, Mirpur 10250, PakistanLand finance is an important means for local governments to develop a regional economy. Studying the impact of land finance on green economic growth has important practical significance for achieving high-quality economic growth in China. This article uses panel data from 283 prefecture-level cities in China to construct a spatial econometric model to study the impact of land finance on green economic growth. The research results show that land finance has a significant inhibitory effect on the growth of the green economy. The direct, indirect and total effects of land finance on green economic growth are all significantly negative, which indicates that the local government’s method of making up for the financial funding gap through land finance not only inhibited the green economic growth in the region, but also had an impact on neighboring areas. Local government competition has a regulating effect on the impact of land finance and urban green economic growth, and government competition has actually strengthened the inhibitory effect of land finance on green economic growth. The above conclusions can provide useful practical guidance for optimizing the development of land finance, standardizing local government behavior, and promoting green economic growth.https://www.mdpi.com/2073-445X/10/8/819land financegreen economic growthlocal government competitionspatial econometric model |
| spellingShingle | Shiying Hou Liangrong Song Jiaqi Wang Shujahat Ali How Land Finance Affects Green Economic Growth in Chinese Cities Land land finance green economic growth local government competition spatial econometric model |
| title | How Land Finance Affects Green Economic Growth in Chinese Cities |
| title_full | How Land Finance Affects Green Economic Growth in Chinese Cities |
| title_fullStr | How Land Finance Affects Green Economic Growth in Chinese Cities |
| title_full_unstemmed | How Land Finance Affects Green Economic Growth in Chinese Cities |
| title_short | How Land Finance Affects Green Economic Growth in Chinese Cities |
| title_sort | how land finance affects green economic growth in chinese cities |
| topic | land finance green economic growth local government competition spatial econometric model |
| url | https://www.mdpi.com/2073-445X/10/8/819 |
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