Proceedings of the International Conference on Public Organization (ICONPO 2021)

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Do Collective Operating Construction Land (COCL) Transactions Inhibit Land Fiscal Revenue? Evidence from Deqing County, China

Authors
Man Jiao1, *, Hengzhou Xu2
1School of Management and Economics, Tianjin University, No. 92 Wei Jin Road, Tianjin, 300072, PR China
2School of Management and Economics, Tianjin University, No. 92 Wei Jin Road, Tianjin, 300072, PR China
Corresponding Author
Man Jiao
Available Online 1 March 2022.
DOI
10.2991/aebmr.k.220209.063How to use a DOI?
Keywords
COCL transaction; Land fiscal revenue; land price; agglomeration effect
Abstract

China’s local governments monopoly land market, and the land revenues account for a large proportion of the local government fiscal revenues. In 2015, collectively-owned operating construction land (COCL) entering the market was piloted across China, which is an institutional reform that provides rural collectives with transfer rights of COCL. Taking Huzhou City as an example, this paper first discusses the COCL transaction and its disintegration of government monopoly in land supply. Using the panel data of 3644 pieces of industrial land transactions from 2010 to 2019, we investigated and examined the impact of COCL reform on government land fiscal revenue with Spatial difference-in-difference (SDID) method. The results show that: (1) The policy of COCL entering the market has a significant effect on county-level government industrial land fiscal revenue. (2) As the COCL is scattered and its mortgage rights remain constrained, COCL fails to compete with state-owned industrial land and COCL transactions have no significant impact on the total leasing-area of state-owned industrial land. (3) While COCL entering the market contributing to industrial agglomeration, significantly increase the price of state-owned industrial land. This study provides an evidence that COCL reform fails to restrain the local government’s land fiscal revenue, and contributes to industrial development in rural China. Policy implications are drawn from this analysis, for the further reform of China’s rural land marketization.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the International Conference on Public Organization (ICONPO 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
1 March 2022
ISBN
978-94-6239-544-2
ISSN
2352-5428
DOI
10.2991/aebmr.k.220209.063How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Man Jiao
AU  - Hengzhou Xu
PY  - 2022
DA  - 2022/03/01
TI  - Do Collective Operating Construction Land (COCL) Transactions Inhibit Land Fiscal Revenue? Evidence from Deqing County, China
BT  - Proceedings of the International Conference on Public Organization (ICONPO 2021)
PB  - Atlantis Press
SP  - 493
EP  - 504
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220209.063
DO  - 10.2991/aebmr.k.220209.063
ID  - Jiao2022
ER  -