Study on Regional Disparity of Land Finance and Its Substituting Financing Mechanism
研究了2002-2012年中国31个省份土地财政的区域差异，将省份分为四类，并基于公共财政等理论提出了国家和区域层面的替代融资机制。
In difference region, land finance scale and its contribution to local finance showed the same trend with economic level. The essence of land finance is local government using future land revenue in advance. This is the basis to establish new financing mechanism to subsitute land finance. Using local expenditure and land finance data from 2002 to2012, combining with cluster method and qualitative method, this paper classified the 31 provinces in China into four financing categories: fake out, high, moderate and low. Public finance theory, regional non- balanced coordinative development theory and Marxist land rent theory are the guiding to establish land finance substitute mechanism in this paper. At national level, the contermeasures are establishing new financial mechanism to balancing local government's responsibilities and revenue, improving land acquisition system and local governemnt performance evaluation system,establishing unified market for rural- urban construction land and levying property tax. At regional level, the contermeasures are exerting the financing effect of land consolidation, altering the fiscal driving urbanization, issuing local infrastructure bond combine with encouraging private investment in infrastructure and increasing tax revenue sources by developing high-end service and strategic emerging industries.