Land Transferring Revenue Impact Analysis On Economic Growth And Society Development In Hubei Province

In the beginning of the foundation of new China, when the traditional land use system was in practice, which was free, unlimited, no flow of land-use system; it becomes a vicious circle since this system is not conducive to supporting the socialist public ownership of land, preventing the effective use of land resources and optimization,no further development of urban economy. In order to get rid of the drawbacks of traditional land use system and adapt to the reform of the economic system, China’s paid Land transferring system gradually formed and land market became full open. With the land market’s twenty years’ development, it gradually forms a good situation which has the main methods of bidding, auction, listing to sell, and supplemented by an agreement to sell. Land auction not only achieves the value of the state-owned land assets,improving the allocative efficiency of land resources, but also promotes the conservation of land use to intensive road. Currently, the land market has been incorporated into the system as a whole in the construction market, coordinating development, and the role of the land market to a market economy has been revealed. So this thesis takes this as a starting point, selecting Hubei Province as an object to study the relationship between land transferring fees and economic development.Firstly, by referring domestic and foreign literature, combing the research status of the current land transfer and economic growth, it has initially built the basis of Land transferring fees to economic growth; on the basis of this theory, and verify the relationship between Hubei’s Land transferring fees and local economic growth by Granger causality test, followed by quantitative analysis, according to Cobb- Douglas production function, inputting Land transferring fees as land factor, builds C-D production function model, using software SPSS20.0 regression analysis, figure out the rate of Land transferring fees in Hubei Province to local economic growth.The empirical results show that Hubei province Land transferring fees and local economic development have long-term and stable relationship, and they are in mutual Granger causality; Land transferring fees has a significant role in promoting economic development, while be affected by the economic environment. By analyzing 1999--2013 Hubei province Land transferring fees, secondary and tertiary industries workforce,three variables of fixed asset investment and GDP, the elastic coefficient and contribution rate of 1999--2013 in Hubei province Land transferring fees to economic growth are0.053 and 18.32%.Based on the above conclusion, the thesis proposes the following suggestions:First,Rely on investment in fixed assets, casting economic and social development momentum;Second, the government must strictly control land supply plan, improve the economical use of the collection of high quality arable land, severely punish the imposition of high quality arable land to increase the area of construction and the abuse of disorderly land;Third, reform the current performance evaluation system, and prevent over-reliance on land finance, and put an end to government land rent and corruption; Fourth, improve the land requisition compensation system, create a reasonable allocation of land revenue,protect the legal ownership and using rights of land and the profits of descendants.