摘要
近些年,中国的贫富差距和房价居高不下,但现有文献忽视供求弹性与贫富差距交互作用对房价的影响。据此,本文构建结合贫富差距和供求弹性的住房存量调整模型,使用中国2002—2012年7省份33个城市的UHS数据发现,收入和财富的基尼系数对房价有正影响;供求弹性对房价分别有负影响和正影响;收入和财富基尼系数与供求弹性交互项对房价分别有正影响和负影响。据此,为防止房价泡沫,各级政府一方面应缩小贫富差距,另一方面应增加土地和住房供给。
High wealth inequality and inflated housing prices are prevailing phenomena in recent Chi- na, while the existing literature neglects the interaction of wealth inequality and supply-demand elasticity on housing price. This paper develops a housing stock adjustment model to combine supply-demand elasticity and wealth inequality. Employing the UHS databases of China＇s 33 cities in 7 provinces over 2002--2012, we find that the Gini coefficients of household income and wealth have positive impacts upon housing prices, while the supply-demand elasticity negatively and positively influences housing prices, respectively. Additionally, the interaction terms of Gini coefficients of household income and wealth with supply-demand elasticity positively and negatively affect housing prices, respectively. To prevent housing bubble, the central and local governments should not only fight for wealth inequality, but also enhance land supply and housing supply.
作者
况伟大
陈晶
葛玉好
KUANG Wei-da1, CHEN Jing2, GE Yu-hao3(1. School of Business, Renmin University of China; 2. School of Accounting, Capital University of Economics and Business; 3. School of Labor and Human Resources, Renmin University of Chin)
出处
《经济理论与经济管理》
CSSCI
北大核心
2018年第3期5-15,共11页
Economic Theory and Business Management
基金
国家自然科学基金面上项目"房价波动与房贷违约风险"(71373276)的资助
关键词
贫富差距
供求弹性
房价
wealth inequality
supply-demand elasticity
housing price
