New Study Findings from Zhejiang Gongshang University Illuminate Research in Risk Management (Spatial-Temporal Evolution and Risk Assessment of Land Finance: Evidence from China): Insurance – Risk Management

2022 NOV 09 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Researchers detail new data in risk management. According to news reporting originating from Hangzhou, People’s Republic of China, by NewsRx correspondents, research stated, “Land finance is a special land financing mode in China under the nationalization of urban land since 1954. The policy authorizes local governments to collect fiscal revenue from land grant premiums and land taxes.”

Financial supporters for this research include The National Social Science Fund of China.

Our news reporters obtained a quote from the research from Zhejiang Gongshang University: “As China is experiencing the social and economic transformation, heavily replying on land finance starts causing financial sustainable problems. Based on the spatial panel data of 30 provinces in China in the last two decades, we analyzed the spatial-temporal evolution of land finance. We found that the spatial variation of land finance declined during the period of study and decreased from east to west. The results revealed that land finance had significant positive spatial autocorrelation and robust spatial clustering characteristics. In addition, the spatial distribution of land finance was consistent with the population-based Hu Line. We also assessed land finance risks via a four-dimensional risk matrix through spatial panel regression (SPR). The spatial spillover effects suggested that there is inter-provincial imitation and collaboration but no competition.”

According to the news editors, the research concluded: “Our forecast indicates that most provinces will be at a relatively low risk level in the next decade except some southwest provinces. Based on the findings, we highlight the policy implications to mitigate risks and maintain sustainable land finance.”

For more information on this research see: Spatial-Temporal Evolution and Risk Assessment of Land Finance: Evidence from China. Risks, 2022,10(196):196. (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks10100196.

Our news journalists report that more information may be obtained by contacting De Zhou, Department of Land Resources Management, China Institute of Land and Urban Governance, Zhejiang Gongshang University, 18 Xuezheng St., Xiasha University Town, Hangzhou 310018, People’s Republic of China. Additional authors for this research include Ruilin Tian, Zhulu Lin, Liming Liu, Junfeng Wang, Shijia Feng.

(Our reports deliver fact-based news of research and discoveries from around the world.)