关键词: 土地财政 , 土地出让动机 , 土地出让能力 , 工业化和城镇化 , 消费补贴投资

Abstract: This paper reconsidered the rationality and sustainability of land finance and established a comprehensive interpretation theoretic framework of the rapid growth of transfer income which attributed to the motivation and abilityThe former inspired the subjective will of local government to obtain land transfer income and the latter was the guarantee of objective conditions of local government to obtain land transfer incomeThe local government development motivation was very strong due to the government performance evaluation mechanismThe industrialization and urbanization advancement and land demand were the source of the rapid growth of the land revenueThe pattern of industrialization and urbanization in China was the development path of consumption subsidies investmentLand finance was the core means of this patternThe local government obtained large amounts of land transfer income and translated into the industrial capital subsidy

Key words: land finance , transfer motivation , transfer ability , industrialization and urbanization , consumption subsidies investment