摘要
文章基于C-D效用函数与住房市场局部均衡模型推导高房价—收入差距—人力资本积累的影响路径。利用2002-2017年27个省的省域面板数据,并构建PVAR模型采取系统GMM估计、脉冲响应分析、方差分解的方法考察我国高房价是否通过收入差距阻碍人力资本积累。研究表明:高房价将显著的通过收入差距路径阻碍人力资本积累;本路径中,高房价短期内对人力资本积累的阻碍效应将增加而长期阻碍效用将逐步降低;此外,从方差分解结果来看,高房价通过收入差距对人力资本累积的阻碍效用解释程度约为8%较为有限,同时阻碍效应具有一定滞后性。
Based on the C-D utility function and the housing market partial equilibrium model to derive high housing prices-income gap-the path of human capital accumulation.On the basis of the panel data of 27 provinces in 2002-2017 and the PVAR model,this paper uses the methods of GMM estimation,impulse response analysis and variance decomposition to investigate whether China's high house prices hinder the accumulation of human capital through the income gap.The results show that high housing price will significantly hinder the accumulation of human capital through the path of income gap;in this path,the blocking effect of high house price on human capital accumulation will increase in the short term and decrease in the long term;in addition,from the results of variance decomposition,the explanation degree of high house price through income gap to human capital accumulation is about 8%,which is relatively limited,and the effect of hindrance has a certain lag.
作者
李广昊
梁泽闽
周小亮
LI Guang-hao;LIANG Ze-min;ZHOU Xiao-liang(School of Economics and Management,Fuzhou University,Fuzhou 350108,China)
出处
《华东经济管理》
CSSCI
北大核心
2019年第12期113-118,共6页
East China Economic Management
基金
国家社会科学基金重点项目“供给侧结构性改革驱动经济发展新动力的理论基础与实践路径研究”(16AZD002)
关键词
高房价
人力资本积累
阻碍路径
阻碍效应
PVAR
high housing prices
human capital accumulation
obstacle path
obstacle effect
PVAR
