- Article
Empirical Analysis of the Driving Factors of China’s ‘Land Finance’ Mechanism Using Soft Budget Constraint Theory and the PLS-SEM Model
- Xinhua Zhu,
- Yigang Wei,
- Yani Lai,
- Yan Li,
- Sujuan Zhong and
- Chun Dai
“Land finance” refers to the key fiscal strategy in which local governments in China generate revenue through land grant premiums and land tax revenues. A burgeoning body of literature has focused on the driving factors of China’s l...