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

Kun Wang, BinBin Chang, Zuo Chen and Kun Wang

Economics Letters, 2024, vol. 239, issue C

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.

Keywords: Legalization of government budget; Land finance; New Budget Law (search for similar items in EconPapers)
JEL-codes: H71 H72 H83 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:239:y:2024:i:c:s0165176524002283

DOI: 10.1016/j.econlet.2024.111745

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