Empirical Study on Interaction between Real Estate Tazes and Housing Price in China
Real estate taxes policy is one of the most important macro-control tools for government intervention in the real estate economic activities. This paper examines the short and long run relationships between the real estate taxes and housing price on the basis of cointegration analysis, VAR, ECM and Granger test by employing statistical data from 1988 to 2006. The results indicated that a stable long-run correlation was existed between the two factors. The findings further verified that real estate taxes collection was one of the most important determinants of housing price increase in the long run, whereas housing price had no effect on real estate taxes revenue increase. Housing price would be affected highly by the housing price and real estate taxes revenue lagged one term in the short run.
Property Taz Real Estate Tazes System Housing Price Cointegration Analysis
DU Xuejun HUANG Zhonghua
School of Public Administration, Zhejiang University, P.R.China, 310029
国际会议
2008年国际应用统计学术研讨会(2008 International Institute of Applied Statistics Studies)
烟台
英文
1-5
2008-08-14（万方平台首次上网日期，不代表论文的发表时间）