Land financialization and regional innovation dynamics: Evidence from China

被引：4
|
作者：
Li, Hanteng [1 ]
Qin, Yun [2 ]
机构：
[1] Jinan Univ, Coll Liberal Arts, Guangzhou 510632, Guangdong, Peoples R China
[2] Guizhou Normal Univ, Sch Chinese Language & Literature, Guiyang 550025, Guizhou, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 64卷
关键词：
Land financialization; Regional innovation capacity; R&D investment; Market distortions; Mechanism analysis; RESEARCH-AND-DEVELOPMENT; FISCAL DECENTRALIZATION; DISTORTIONS; URBANIZATION; SUBSIDY; IMPACT; PRICE;
D O I：
10.1016/j.frl.2024.105474
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Land finance for economic development is common in developing countries, but little is known about how land financialization affects regional innovation capacity. This study explores the complex relationship between land financialization and regional innovation capabilities in China from 2005 to 2021, using panel data from 31 provincial units. Our research reveals a non-linear relationship between land financialization and innovation, with initial facilitating effects followed by diminishing returns. Two key mechanisms emerge: land financialization hampers firms' R&D investment, thereby hampering innovation, while its over -reliance distorts market factors, negatively affecting innovation capacity.
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收藏
页数：7
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