A Study on the Relationship Between Land Finance and Housing Price in Urbanization Process: An Empirical Analysis of 182 Cities in China Based on Threshold Panel Models

Hu Meiting (), Dong Jichang (), Yin Lijun (), Meng Chun () and Li Xiuting ()
Additional contact information
Hu Meiting: School of Economics and Management, University of Chinese Academy of Sciences, Beijing100190, China
Dong Jichang: School of Economics and Management, University of Chinese Academy of Sciences, Beijing100190, China
Yin Lijun: School of Economics and Management, University of Chinese Academy of Sciences, Beijing100190, China
Meng Chun: Development Research Centre of the State Council, Beijing100010, China
Li Xiuting: School of Economics and Management, University of Chinese Academy of Sciences, Beijing100190, China

Journal of Systems Science and Information, 2021, vol. 9, issue 1, 74-94

Abstract: Scholars have a variety of theoretical explanations for housing price growth. However, few scholars have studied the internal influence mechanism among urbanization, land finance, and housing price. Based on the data of 182 prefecture-level cities from 2009 to 2016, this paper studies the influence of land finance on housing price under different urbanization rate levels. The study finds that with the increase of urbanization rate, the effect of land finance on housing price presents a “U” shape. Specifically, an increase in land finance by 1% results in a corresponding increase in average housing price by 0.18%, with relatively low urbanization rate, 0.06% with medium level of urbanization rate, and 0.38% with high level of urbanization rate.

Keywords: urbanization; land finance; housing price; threshold panel model (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.21078/JSSI-2021-074-21 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:jossai:v:9:y:2021:i:1:p:74-94:n:5

DOI: 10.21078/JSSI-2021-074-21

Access Statistics for this article

Journal of Systems Science and Information is currently edited by Shouyang Wang

More articles in Journal of Systems Science and Information from De Gruyter
Bibliographic data for series maintained by Peter Golla ().