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Impacts of Local Government Land Leasing Revenue on House Price - Based on National and Regional Panel Data Analysis

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Author(s): Jie DING | Jian-Qiang LI | Qing KANG

Journal: International Journal of Economics and Finance
ISSN 1916-971X

Volume: 4;
Issue: 7;
Date: 2012;
Original page

ABSTRACT
The purpose of this paper is to analyze the impacts of local government land leasing revenue on house price. Econometric analysis was employed. The results show that: (1) there was a positive correlation between local government land leasing revenue and house price, namely local government land leasing revenue has positive effects on house price; (2) impacts of local government land leasing revenue on house price have regional differences and time differences; (3) regional differences are mainly reflected in the differences of regional economic development level, time differences are mainly reflected in the differences of government policies at different stages. It is concluded that: local government land leasing revenue plays a very important role in the process of housing prices. In order to stabilize housing prices, it is not enough to reduce the local government land leasing revenue, and it is necessary to make comprehensive use of various control policies.

Tango Jona
Tangokurs Rapperswil-Jona

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