Title: A Comparative Study on the Effects of Public Investment on Land Price and House Price——An Empirical Test Based on 30 Provinces' Panel Data
Abstract:Based on the theoretical model of the relationship between public investment and house price and land price,this paper tests the price spillovers of public investments on real estate market.The result...Based on the theoretical model of the relationship between public investment and house price and land price,this paper tests the price spillovers of public investments on real estate market.The results show that public investments have remarkable difference and the effect on land price is the most;the ecological investments have higher price spillovers on land and house;the public transit investments have higher effects on the house price;the infrastructure investments represented by the gas percent also have stable effects on land price and house price.From these results,we can see house demands of urban residents have developed toward diversification and ecologization;the public transit accessibility is an important part of residents' house choice;the middle-school education is the key part of social-economy development;the infrastructure construction is the basis of urban economic boom;redesign real estate tax is necessary choice of real estate tax system in China.Read More
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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