English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51624700      Online Users : 549
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/59537


    Title: 中國大陸地方財政分權對房產價格的影響-以空間計量模型分析
    The Impact of Fiscal Decentralization on House Price in China – Spatial Analysis
    Authors: 劉育嘉
    Yu-Chia Liu
    Contributors: 黃智聰
    Jr-Tsung Huang
    劉育嘉
    Yu-Chia Liu
    Keywords: 中國
    財政分權
    房價
    空間計量
    China
    Fiscal Decentralization
    House Price
    Spatial Econometrics
    Date: 2012
    Issue Date: 2013-09-02 17:23:08 (UTC+8)
    Abstract: This study tries to investigate the impact of fiscal decentralization on house price in China, applying spatial econometrics models to conduct the empirical analysis. This study uses official panel data for 31 provinces from 2000 to 2010 and the provincial price of commercialized buildings in China as the dependent variable, the primary finding of this study is that the relationship between fiscal decentralization and house price in China is like a U-shaped curve in which we can find an appropriate degree of fiscal decentralization minimizing the house price. In addition, the results show that the spatial dependence has a statistically significant and positive influence on house price in China. Therefore, the Chinese government could implement some fiscal policies to control the fiscal decentralization across provinces. By adjusting the degree of fiscal decentralization to an appropriate level, the houses prices between the developed provinces and developing provinces can achieve a stable equilibrium.

    Keywords: China, Fiscal Decentralization, House Price, Spatial Econometrics
    Reference: Akai, Nobuo and Masayo Sakata (2002), “Fiscal Decentralization Contributes to Economic Growth: Evidence from State-Level Cross-Section Data for the United State. ” Journal of Economics, 52, 93-108.
    Can, Ayse and Isaac Megbolugbe (1997), “Spatial Dependence and House Price Index Construction.” Journal of Real Estate Finance and Economics, 14: 203–222.
    Bradbury, Katharine L., Christopher J. Mayer, and Karl E. Case (2001), “Property Tax Limits, Local Fiscal Behavior, and Property Values: Evidence from Massachusetts under Proposition 2.5.” Journal of Public Economics, 80, 287-311.
    Chen, Hu-Chun, Wei-Xian Ku, Lu Liu, and Lin Cheng (2012), “An Empirical Analysis of the Factors Affecting the Housing Price in China.” Oriental Enterprise Culture, 1-2.
    Cheng, Anchih (2006), “The Role of Fiscal Decentralization in Regional Economic Growth in China.” The Master Thesis of National Chengchi University, Republic of China (Taiwan).
    Ghebreegziabiher Debrezion, Eric A. J. H. Pels, and Piet Rietveld (2007) “Modelling the Joint Access Mode and Railway Station Choice” Tinbergen Institute Discussion Paper, No. 07-012/3.
    Huang, Jr-Tsung, Kuang-Ta Lo, and Po-Wen She (2011), “The Impact of Fiscal Decentralization on the Tax Effort of China`s Local Governments after the Tax Sharing System.” Accepted by Singapore Economic Review, Forthcoming. (SSCI).
    Elhorst, J. Paul (2010), “MATLAB SOFTWARE FOR SPATIAL PANELS” World Conference of the Spatial Econometrics Association (SEA), Chicago, June 9-12, 2010.
    Lin, Ting-Ting (2011), “The Influence of Fiscal Decentralization on the Real Estate Price in China” The Master Thesis of National Chengchi University, Republic of China (Taiwan).
    Liu, Zong-Ming (2012), “Fiscal Decentralization, Institutional Shocks and House-price Dynamics.” Industrial Economics Research, Vol. 4, 2012, 42-50.
    Anselin, Luc (1988), “Lagrange Multiplier Test Diagnostics for Spatial Dependence and Spatial Heterogeneity” Geographical Analysis, Vol. 20, No. 1, January 1988.
    Anselin, Luc (1988), Spatial Econometrics: Methods and Models, Netherlands Kluwer Academic Publishers, 1988.
    Oates and Wallace E. (1969), “The Effects of Property Taxes and Local Public Spending on Property Values:An Empirical Study of Tax Capitalization and the Tiebout Hypothesis.” Journal of Political Economics, 77, 957-971.
    Rosenthal L. (1999), “House Prices and Local Taxes in the UK.” Fiscal Studies, 20(1), 61-76.
    Gong, Ru-kai and Zong-Yuan Huang (2012), “What Pushes up Housing Prices? Evidence from Intuitional Factors in China”, South China Journal of Economics, Vol. 9, 2012, 3-16.
    Basu, Sabyasachi and Thomas G. Thibodeau (1998), “Analysis of Spatial Autocorrelation in House Prices.” Journal of Real Estate Finance and Economics, Vol. 17:1, 61-85.
    State Statistical Bureau (1999-2011), China Statistical Yearbook. Beijing: Chinese Statistical Press.
    Bourassa, Steven C., Eva Cantoni, and Martin Hoesli (2008), “Predicting House Prices with Spatial Dependence: Impacts of Alternative Submarket Definitions.” paper presented at the “Hard to Tax: An International Perspective.” Swiss Finance Institute Research Paper Series, No. 08- 01.
    Thomas, A. (1993), “The Influence of Wages and House Prices on British Interregional Migration Decisions.” Applied Economics, 25, 1261-1268.
    Wen, Hai-Zhen, Zhi-Li Zhang, and Ling Zhang (2011), “An Empirical Analysis on Spatial Effects of the Housing Price Based on Spatial Econometrics Models.” Systems Engineering- Theory& Practice, Vol. 31, No. 9, Jul.,1661-1667.
    Yan, Lei (2007), “A Spatial Analysis of Housing Market in China.” The Master Thesis of Xiamen University, the People`s Republic of China.
    Yang, Jun-Ru and Chen Qiu (2012), “Fiscal Decentralization, Government Investment and Housing Price”, Macroeconomics, Vol. 9, 2012, 70-92.
    Zhang Q., Gay Fung, and H. (2006), “China’s Social Capital and Financial Performance of Private Enterprises.” Journal of Small Business and Enterprise Development, 13(2), 98-207.
    Zhong, Hong and Jie Jin (2007), “Spatial Variation Analysis of Urban Land Price: A Case Study in Kunming City, Yunnan Province.” Resources Science, Vol. 29, No. 4, Jul., 27-32.
    Zhou, Wen-Xing and Xin-Lang Lin (2012), “The Relationship between Housing Price and Urbanization: An Empirical Study Based on Dynamic Panel Data and Spatial Econometrics.” Journal of Chongqing University (Social Science Edition), Vol. 18, No. 5, 140-143.
    Description: 碩士
    國立政治大學
    財政研究所
    100255027
    101
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G1002550271
    Data Type: thesis
    Appears in Collections:[財政學系] 學位論文

    Files in This Item:

    File SizeFormat
    index.html0KbHTML2629View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback