کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5095888 1376489 2015 36 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Home-purchase restriction, property tax and housing price in China: A counterfactual analysis
ترجمه فارسی عنوان
محدودیت خرید خانه، مالیات بر دارایی و قیمت مسکن در چین: یک تحلیل غیرمستقیم
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات آمار و احتمال
چکیده انگلیسی
In this paper, we respectively evaluate the effects of home-purchase restrictions and the trial property taxes on housing prices in China using a counterfactual analysis. We modify the method of Hsiao, Ching and Wan (2012) by using the leave-nv-out cross-validation criterion for the optimal choice of the control cities. Some Monte Carlo simulations illustrate the better performance of our method. We then construct the counterfactual growth rates of housing prices in Beijing, Shanghai and Chongqing using the selected control cities. We find that: (i) purchase restrictions reduced the annual growth rate of housing prices in Beijing by 7.69 percent; (ii) the trial property tax of Chongqing reduced the annual growth rate of housing prices by 2.52 percent; (iii) the trial property tax of Shanghai had no significant effect on housing prices.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Econometrics - Volume 188, Issue 2, October 2015, Pages 558-568
نویسندگان
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