关键词: 财政分权, 土地财政, 政治晋升, 政策建议

Abstract: With the increasing risks at home and abroad since 2020,enterprise bail-out and livelihood improvement become popular topics again.The problem of high land conveyance fee and housing prices brought about by the phenomenon of local land finance has also aroused widespread concern.Since the tax-sharing reform has not yet achieved the coordination of financial and administrative powers,local governments have paid more and more attention to land finance,which can bring respectable revenue,in the process of striving to expand financial resources.This paper uses the panel data of 279 prefecture-level cities from 2000 to 2016 to further analyze the impacts of local fiscal decentralization on land finance.The study shows that an increase in the level of expenditure decentralization will significantly increase the revenue and acreage of local land conveyance.It indicates that local governments are striving to expand financial sources as expenditure responsibilities increase.While the level of revenue decentralization will have a positive effect on the average price of land conveyance,this may be due to the premium brought by better developed economy.Meanwhile,under the incentive of turnover tournament,local officials will be more inclined to attract investment by land.As a consequence,in the process of optimizing the operation of land finance,the central government needs to appropriately divide the expenditure responsibilities between the central and local finance,strengthen support for local finance,and strengthen budget performance management.At the same time,fiscal expenditure should be more proactive,ensure the achievement of tax cuts and fee reductions,and alleviate the burden on private economy.

Key words: fiscal decentralization, land finance, political promotion, policy suggestion