摘要
物业税对房价到底有何影响,是目前中国房地产市场颇有争议的一个问题。本文在分析住房特性基础上,通过构建消费者—开发商模型和投资者—开发商模型,说明了物业税对房价的影响。本文理论模型表明,在其它条件不变时,开征物业税将导致房价下降。本文利用1996—2006年中国30个省份的面板数据对本文的理论模型进行了经验检验。实证检验结果验证了本文所提出的基本命题。实证结果表明,对全国和东部而言,开征物业税能有效起到抑制房价上涨作用,但物业税对中西部作用效果不明显。此外,利率政策效果要大于物业税。因此,政策制定者应因地制宜地运用物业税和利率政策。
To what extent that the property tax influences the house prices is a controversial issue in real estate market in current China. This article is imbedded in housing characteristics and illustrates the impact of the property tax upon house prices through constructing consumer-developer model and investor-developer model respectively. The theoretical models document that the imposition of the property tax will cause the house price fall ceteris paribus. The paper employs the panel data of 30 provinces in China from 1996 through 2006 and conducts the empirical test upon its theoretical models. The empirical outcomes show that the property tax is effectively able to curb the inflated house prices in national and eastern China. However, the effect of property tax upon house prices is insignificant in middle and western China. In addition, the role of interest policy is more important than property tax policy. Accordingly, the policy-makers should take the regional disparities into account to implement the policies for interest rate and property tax to control the house prices.
出处
《经济研究》
CSSCI
北大核心
2009年第4期151-160,共10页
Economic Research Journal
基金
国家自然科学基金资助项目"物业税对房价的影响研究--基于市场结构
供求弹性和经济地理的分析"(项目批准号:70873129)的阶段性研究成果
关键词
住房特性
物业税
适应性预期
房价
Housing Characteristics
Property Tax
Adaptive Expectation
House Prices
