Beyond Land Finance: Exploring the Fiscal Revenue Effects of Urban Renewal in Guangdong Province, China
文献类型：期刊论文
| 作者 | Huang, Zhiji1,5; Dai, Xiaomian4; He, Canfei3; Liu, Boya2 |
| 刊名 | JOURNAL OF URBAN PLANNING AND DEVELOPMENT
 |
| 出版日期 | 2025-12-01 |
| 卷号 | 151期号:4页码:5025041 |
| 关键词 | Urban renewal Three Olds Redevelopment projects Fiscal revenue effect Social capital involvement Functional upgrading |
| ISSN号 | 0733-9488 |
| DOI | 10.1061/JUPDDM.UPENG-5350 |
| 产权排序 | 5 |
| 文献子类 | Article |
| 英文摘要 | Given the Chinese government's aim of high-quality development and under the double constraints of incremental land and limited local revenue, Chinese local governments' path-dependence on land finance is confronting significant challenges. Guangdong Province has implemented a series of urban renewal programs called Three Olds Redevelopment (TOR) projects, providing a potential alternative for financially sustainable development. Using panel data covering 21 prefecture-level cities in Guangdong during 2009-2018, this study constructed a quantitative analysis of the fiscal revenue effect of TOR. The results illustrate that TOR reduces fiscal revenues, including tax revenue and land-transfer fees, in the short term but increases them in the long term. Higher fiscal decentralization tends to amplify the fiscal effects, while market power and dependence on land finance may weaken the impact. As for the mechanism, TOR projects can increase long-term fiscal revenue because of social capital involvement and functional upgrading effects. We suggest urban renewal and policy innovation to transcend land finance path-dependence and realize sustainable local finance. |
| URL标识 | 查看原文 |
| WOS关键词 | ECONOMIC-GROWTH ; REDEVELOPMENT ; DECENTRALIZATION ; URBANIZATION ; MARKET ; REFORMS ; IMPACT ; LEVEL ; PRICE |
| WOS研究方向 | Engineering ; Public Administration ; Urban Studies |
| 语种 | 英语 |
| WOS记录号 | WOS:001594118900041 |
| 出版者 | ASCE-AMER SOC CIVIL ENGINEERS |
| 源URL | [http://ir.igsnrr.ac.cn/handle/311030/217412]  |
| 专题 | 中国科学院地理科学与资源研究所 |
| 通讯作者 | He, Canfei |
| 作者单位 | 1.Hangzhou Int Urbanol Res Ctr, Ctr Smart City Res, Hangzhou 310021, Peoples R China; 2.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China 3.Peking Univ, Coll Urban & Environm Sci, Beijing 100086, Peoples R China; 4.Univ Oxford, Dept Int Dev, Oxford OX1 3TB, Oxon, England; 5.Cent Univ Finance & Econ, Sch Govt, Beijing 100081, Peoples R China; |
| 推荐引用方式 GB/T 7714 | Huang, Zhiji,Dai, Xiaomian,He, Canfei,et al. Beyond Land Finance: Exploring the Fiscal Revenue Effects of Urban Renewal in Guangdong Province, China[J]. JOURNAL OF URBAN PLANNING AND DEVELOPMENT,2025,151(4):5025041. |
| APA | Huang, Zhiji,Dai, Xiaomian,He, Canfei,&Liu, Boya.(2025).Beyond Land Finance: Exploring the Fiscal Revenue Effects of Urban Renewal in Guangdong Province, China.JOURNAL OF URBAN PLANNING AND DEVELOPMENT,151(4),5025041. |
| MLA | Huang, Zhiji,et al."Beyond Land Finance: Exploring the Fiscal Revenue Effects of Urban Renewal in Guangdong Province, China".JOURNAL OF URBAN PLANNING AND DEVELOPMENT 151.4(2025):5025041. |
入库方式： OAI收割
来源：地理科学与资源研究所
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