摘要
住房价格的调控是当前中国社会经济中的热点问题,但目前国内外尚少见文献对其进行全面探讨.该文试图涉及这个领域,按照住房限购条件是否有效建立了两个关于住宅市场的一般均衡模型.研究发现,当"限购令"未生效时,在其他条件相同的情况下,只要复合商品部门为规模经济递减或不变时,严厉的房贷调控政策倾向于降低市场的均衡房价(分情况不同,还需要满足一些其他条件).而当"限购令"发挥效力时,首付比例和限购数量都将影响市场中的均衡房价,且其关系将会是非常复杂的.仅当首付比例不太大且复合商品的生产复合规模效应递增的前提下,当首付比例落入特定区间时,房地产调控政策就能有效地降低均衡房价.
Housing price and its regulation are hot issues in China＇ s economy and society at present. However, little literature in the comprehensive study of such issue is seen either in China and abroad. Based on whether the ＂Quantity Limitation Protocol＂ takes effect, this paper builds two general equilibrium models in the housing market. The results show that, on the one hand, when the quantity limit is not effective, and when other things equal, the harsh policy on housing mortgage tends to decrease the market equilibrium housing price （ some other conditions must be met as well） if the economy of scale is decreasing or constant in the composite good sector. On the other hand, when the quantity limit is effective, both the down payment ratio and the quantity limit would affect the equilibrium housing price in the market in a complex manner. Only when the down payment ratio is not too large and the economy of scale is increasing in the composite good sector, can the real estate regulatory policies effectively decrease the market equilibrium housing price when the down payment ratio falls into a particular region.
出处
《管理科学学报》
CSSCI
北大核心
2013年第9期20-32,共13页
Journal of Management Sciences in China
基金
中央高校基本科研业务费专项资金资助项目(JBK120506)
关键词
限贷
限购
房价
一般均衡
credit rationing
quantity limit
housing price
general equilibrium
