A Study of the Redistribution Effects of the Land Finance on Income Gap Between Urban and Rural Areas
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| Title | A Study of the Redistribution Effects of the Land Finance on Income Gap Between Urban and Rural Areas
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| Author | Yang Canming and Zhan Xinyu |
| Organization | Zhongnan University of Economics and Law |
| Email | zhanxygl@163.com；yangcanming@sina.com |
| Key Words | land finance; income gap between urban and rural areas; SYS-GMM model; Quantile regression |
| Abstract | Theoretical analysis shows that, the influences of land finance on the income gap between urban and rural areas are compound: there exist reverse redistribution effects as well as positive redistribution effects. The empirical study based on SYS-GMM model indicates that, the compound influences present significantly a U type relationship. Namely, the beginning sees positive redistribution effects while reverse redistribution effects appear when the land finance exceeds the inflection point. According to the regional data analysis, the U type relationship between land finance and the urban-rural income gap is significantly different. Quantile regression test shows that, this U type relationship still stands in the conditional distribution, and with the quantile increasing, the value of inflection point increases after a decline. The conclusions of the present study are greatly important to promote the reform of land finance in China. |
| Serial Number | WP778 |
| Time | 2014-12-19 |
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