土地出讓、城市建設(shè)與房地產(chǎn)價格——對中國特色城市建設(shè)投融資模式的探討
發(fā)布時間:2018-03-30 22:02
本文選題:地方政府 切入點:土地出讓 出處:《學!2014年05期
【摘要】:本文通過對土地出讓、城市建設(shè)、房地產(chǎn)價格之間經(jīng)濟機制的分析,描述了一種具有中國特色的"經(jīng)營城市"投融資模式,并利用35個大中城市的面板數(shù)據(jù)構(gòu)建了住房和土地市場的聯(lián)立方程組,對其進行了驗證。我們發(fā)現(xiàn),土地出讓金對于地方財政越重要,城市政府越有動力出讓更多的土地,使得土地供給彈性上升。同時,土地出讓金的充裕使得地方政府有更多的財力進行城市基礎(chǔ)設(shè)施建設(shè),提升產(chǎn)業(yè)發(fā)展環(huán)境和宜居性,從經(jīng)濟增長和生活質(zhì)量兩個途徑間接推動房價和地價上升,在未來產(chǎn)生更多的土地出讓收入,形成土地出讓、城市建設(shè)和房地產(chǎn)價格的自我強化。實證結(jié)果表明,基礎(chǔ)設(shè)施改善對于房價和地價的推動作用比土地供給彈性增加所可能帶來的抑制效應(yīng)更為顯著。
[Abstract]:Based on the analysis of the economic mechanism among land sale, urban construction and real estate prices, this paper describes a mode of investment and financing with Chinese characteristics of "managing city". And using the panel data of 35 large and medium-sized cities to construct the simultaneous equations of housing and land market. We find that the more important the land transfer fee is to the local finance, the more the city government has the incentive to sell more land. At the same time, local governments have more financial resources to carry out urban infrastructure construction and enhance the industrial development environment and liveability. From the two ways of economic growth and quality of life indirectly promote the rise of house prices and land prices, generate more land sales income in the future, form land sales, urban construction and real estate prices self-strengthening. The effect of infrastructure improvement on house price and land price is more significant than that of the increase of land supply elasticity.
【作者單位】: 清華大學恒隆房地產(chǎn)研究中心;清華大學建設(shè)管理系;住房和城鄉(xiāng)建設(shè)部住宅產(chǎn)業(yè)化促進中心;
【基金】:國家自然科學基金優(yōu)秀青年基金項目“城市增長機制與管理”(71322307) 面上項目“地方公共品影響住房市場的微觀機制:城市空間中的靜態(tài)和動態(tài)研究”(70973065、71273154) 教育部新世紀人才支持計劃(NCET-12-0313) 清華大學自主科研計劃的資助
【分類號】:F299.2
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本文編號:1687819
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