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Understanding the spatial spillover effect of land finance on China’s green development: does the moderating role of industrial structure matter?

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Abstract

Since the 1994 China’s tax-sharing reform, land finance has far-reaching influence on fiscal system and has critical implications for green development and industrial structure optimization. Previous studies have largely focused on the environmental aspect of land finance by considering carbon emissions as environmental indicator only and ignored social and economic aspects. To fill the research gaps, this study analyzed spatial and moderating effects of land finance on green development through rationalized industrial structure, quantity of advanced industrial structure, and quality of advanced industrial structure in 246 Chinese cities from 2006 to 2019. The results document that local and surrounding land finance have negative effect on China’s green development. Local land finance inhibits green development in western and large cities, while surrounding land finance deteriorates in eastern and large cities. Through mediation of industrial structure optimization, land finance accelerates green development in national, eastern, and large cities. In western cities, land finance promotes green development through quantity and quality of industrial structure upgrading. In small- and medium-sized cities, quantity of industrial structure upgrading plays a positive role.

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Data Availability

The data and materials are available upon request.

Notes

  1. To conserve space, we did not present the mathematical equations of the super-SBM model.

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Authors and Affiliations

  1. College of Economics and Management, China Jiliang University, Hangzhou, 310018, China

    Guimei Wang

  2. School of Management, China West Normal University, Nanchong, 637001, China

    Muhammad Salman

Authors
  1. Guimei Wang
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  2. Muhammad Salman
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Contributions

Guimei Wang: conceptualization, methodology, software, data curation, writing—original draft preparation, visualization, and investigation. Muhammad Salman: writing—reviewing and editing.

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Correspondence to Guimei Wang.

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Wang, G., Salman, M. Understanding the spatial spillover effect of land finance on China’s green development: does the moderating role of industrial structure matter?. Environ Sci Pollut Res 30, 95959–95974 (2023). https://doi.org/10.1007/s11356-023-29194-1

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  • DOI: https://doi.org/10.1007/s11356-023-29194-1

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