중국의 토지 공급 정책이 부동산 시장에 미치는 영향

• 영문명: The Impact of Chinese Land Supply Policies on the Real Estate Market
• 발행기관: 강원대학교 경영경제연구소
• 저자명: 유의박(Yi-bo Liu) 이연재(Yeon-jae Lee) 신승우(Seung-woo Shin)
• 간행물 정보: 『아태비즈니스연구』제15권 제1호, 225~237쪽, 전체 13쪽
• 주제분류: 인문학 > 문학
• 파일형태: PDF
• 발행일자: 2024.03.30

영문 초록

Purpose - This study aims to explore the relationship between housing and land prices, with a specific emphasis on the impact of government policies on these factors such as land supply quantity and the ratio of residential land to total land supplied. The goal is to identify the most effective government intervention strategies for controlling both housing and land prices. Design/methodology/approach - Data from 70 primary and medium-sized cities in China spanning from 2003 to 2017 are utilized in this research. The analysis employs a panel vector autoregressive (PVAR) model, with a primary focus on examining the relationships among housing prices, land prices, and government intervention policies. Findings - Housing and land prices are influenced by various factors. Through impulse response analysis and variance decomposition, it is observed that both housing and land prices are predominantly influenced by their internal dynamics, with comparatively weaker effects attributed to policy interventions. Research implications or Originality - By investigating the impact of government policies on housing and land prices, This study establishes a foundation for effective price control measures. Our study advocates for a comprehensive examination of China's land supply mechanism to enhance understanding of the pathways through which government policies influence the markets.

목차

Ⅰ. 서론

Ⅱ. 선행연구

Ⅲ. 연구 설계 및 데이터

Ⅳ. 실증분석

Ⅴ. 결론

References

키워드

Area Size House Prices Land Price PVAR Residential Land