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Budget management legalization and its impact on land finance: Evidence from the implementation of the ‘New Budget Law’

Author

Listed:
  • Wang, Kun
  • Chang, BinBin
  • Chen, Zuo
  • Wang, Kun

Abstract

Governments globally face a challenge relying on land finance. Budget legalization emerges as a strategy, but its impact on reducing reliance on land finance is uncertain. This study examines the effect of budget management legalization on land finance using data from 190 cities (2010–2017). Results show a negative effect post-‘New Budget Law’, indicating reduced reliance on land finance.

Suggested Citation

  • Wang, Kun & Chang, BinBin & Chen, Zuo & Wang, Kun, 2024. "Budget management legalization and its impact on land finance: Evidence from the implementation of the ‘New Budget Law’," Economics Letters, Elsevier, vol. 239(C).
    • Handle: RePEc:eee:ecolet:v:239:y:2024:i:c:s0165176524002283
    DOI: 10.1016/j.econlet.2024.111745
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    More about this item

    Keywords

    Legalization of government budget; Land finance; New Budget Law;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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