An Empirical Study Impact of the Local Government’s Fiscal Ezpenditure on Residential Value
Now people’s angle of view in buying a house does not only base on the style, grades, facing, floor of the house itself and so on, but turn to the outdoors as well as a larger life space, while elegant environment, fast traffic, availability of medical facility and some other factors have been the significant conditions in people’s house purchasing. Historical study results and people’s experiences of buying a house indicate that the local government’s financial policy is an important factor that influences residential value. Based on elaborating the influencing mechanism of residential value, this paper take 25 projects in three districts of Harbin as sample, then performs a regression analysis of governmental expenditures and residential value. The result indicates: it is high relation between governmental expenditure and residential value that is the existence of the fiscal policy capitalization effect. And finally, from the conclusion it discloses the sense which it can make if the government advances the residential value.
fiscal ezpenditure policy residential value econometrics model regression analysis
LI Bai YANG Xiaodong
School of Management, Harbin Institute ofTechnology, Harbin, China 150001 Department of Construction and Real Estate, Harbin Institute of Technology, Harbin, China 150001
国际会议
2009 International Conference on Construction & Real Estate Management(2009建设与房地产管理国际会议)
北京
英文
1138-1141
2009-11-05（万方平台首次上网日期，不代表论文的发表时间）