摘要
本文运用 35个大城市的面板数据 ,就政府 (地方政府 )控制的地价、信贷与经济适用房优惠政策等 3个变量对于中国房地产业的投资、销售价、销量与土地购置价所产生的效应做了经验分析。分析结果显示 ,中国房地产开发商在低地价与高房价之间更在乎土地的廉价获取 ,他们对低廉地价的获取动力是对高房价追求动力的两倍以上 ;“经济适用房”开发与土地截留已经成了中国房地产开发商从政府手中获取廉价土地的两个基本手段。政府支持的银行信贷 ,无论是对房地产投资 ,还是对房价上升、土地价格上扬及房屋销量 ,都具有正向推动作用 ,外资进入是近 3年来房地产投资扩张的一个显著推动因素。如果要对房地产业进行适当缩水 ,除了信贷政策的适当调整 ,还需要从产品质量与产品结构上做相应调整。
Based on the “Survey of China's real estate industry”(1999-2002), we establish a data set about 35 metropolitan in China. Then the effects of government policy about land price control, and credit supply on the development of real estate industry have been discussed. We have found out that the effect of lower land price is larger then the effect of higher housing price on the real estate investment, and foreign capital is one of the most active factors in promoting the expansion of China's real estate industry recently. Bank loan provided directly or indirectly by the government have always supported the increase both in housing investment and housing sale
出处
《世界经济》
CSSCI
北大核心
2004年第7期3-10,共8页
The Journal of World Economy
