STUDY ON THE SPATIO-TEMPORAL DIFFERENCES OF THE IMPACT OF EDUCATIONAL RESOURCE ALLOCATION ON HOUSING PRICE: TAKING 35 LARGE AND MEDIUM CITIES AS EXAMPLES
YAN Li-gang1, HAN Zheng-long2, LIU Di3
1. School of Literature and Journalism, Central South University, Changsha 410083, China;
2. Business School, Ningbo University, Ningbo 315211, China;
3. School of Public Economics and Management, Shanghai University of Finance and Economics, Shanghai 200433, China
Abstract:Since the housing market reform, the problem of high housing prices has always plagued all sectors of society, gradually becoming an important constraint on maintaining economic stability, optimizing the industrial structure, and starting domestic consumption. With the acceleration of the urban circle and urbanization, the overall improvement of the population carrying capacity of metropolises and the optimization of the government's provision of public goods have become the focus of public attention today. Based on the data of 35 large and medium cities from 2002 to 2017, and using the Rosen-Roback urban spatial equilibrium model to measure the difference in the impact of educational resources on housing prices in large and medium cities. The study finds that:1) after controlling other variables, each 1% increase in the level of education expenditures increases the housing price level by an average of 0.156 percentage points; 2) in the spatial dimension, the impact of education resources on housing prices in coastal cities is significantly less than Inland cities; 3) In terms of time, the impact of educational resources on housing prices is significant in all periods, indicating that the impact of educational resources has a long-term impact.
严立刚, 韩正龙, 刘迪. 教育资源配置对住房价格影响的时空差异研究——以35个大中城市为例[J]. 人文地理, 2020, 35(2): 22-31.
YAN Li-gang, HAN Zheng-long, LIU Di. STUDY ON THE SPATIO-TEMPORAL DIFFERENCES OF THE IMPACT OF EDUCATIONAL RESOURCE ALLOCATION ON HOUSING PRICE: TAKING 35 LARGE AND MEDIUM CITIES AS EXAMPLES. HUMAN GEOGRAPHY, 2020, 35(2): 22-31.
高善文,郭雪松.中国的城市化与房地产市场[J].新金融评论,2018(1):48-77.[Gao Shanwen, Guo Xuesong. Urbanization and real estate market in China[J]. New Financial Review, 2018(1):48-77.]
[2]
冯晧,陆铭.通过买房而择校:教育影响房价的经验证据与政策含义[J].世界经济,2010(12):89-104.[Feng Hao, Lu Ming. Choosing school by buying a house:Empirical evidence and policy implications of education affecting housing price[J]. World Economy, 2010(12):89-104.]
[3]
胡婉旸,郑思齐,王锐.学区房的溢价究竟有多大:利用"租买不同权"和配对回归的实证估计[J].经济学季刊,2014,13(3):1195-1214.[Hu Wanyang, Zheng Siqi, Wang Rui. The capitalization of school quality in home value:A matching regression approach with housing price-rent comparison[J]. Quarterly Journal of Economics, 2014, 13(3):1195-1214.]
[4]
张浩,李仲飞,邓柏峻.教育资源配置机制与房价——我国教育资本化现象的实证分析[J].金融研究,2014(5):193-206.[Zhang Hao, Li Zhongfei, Deng Baijun. Education resource allocation mechanism and housing price[J]. Financial Research, 2014(5):193-206.]
[5]
Tiebout C M. A pure theory of local expenditures[J]. Journal of Political Economy, 1956,64(5):416-424.
[6]
Oates W E. The effects of property taxes and local public spending on property values:An empirical study of tax capitalization and the tiebout hypothesis[J]. Journal of Political Economy, 1969,77(6):957-971.
[7]
梁若冰,汤韵.地方公共品供给中的Tiebout模型[J].世界经济,2008(10):71-83.[Liang Ruobing, Tang Yun. Tiebout model in the supply of local public goods[J]. World Economy, 2008(10):71-83.]
[8]
杜雪君,黄忠华,吴次芳.房地产价格、地方公共支出与房地产税负关系研究——理论分析与基于中国数据的实证检验[J].数量经济技术经济研究,2009,26(1):109-119.[Du Xuejun, Huang Zhonghua, Wu Cifang. Study on the relationship between real estate price, local public expenditure and real estate tax burden[J]. Quantities Economics & Technology Research, 2009,26(1):109-119.]
[9]
Smith B A, Ohsfldt R. Housing-price inflation in Houston, 1970-1976[J]. Policy Studies Journal, 1982,8(2):257-276.
[10]
韩正龙,王洪卫.财政支出偏向背景下公共服务供给与住房价值关系研究[J]. 财经论丛,2015(3):24-31.[Han Zhenglong, Wang Hongwei. Study on the relationship between public service supply and housing value under the background of fiscal expenditure[J]. Journal of Finance and Economics, 2015(3):24-31.]
[11]
郑思齐.公共服务资源短缺与空间失衡:房价问题与城市效率损失[J]. 探索与争鸣,2016(5):38-40.[Zheng Siqi. The shortage of public service resources and spatial unbalance:House price problems and urban efficiency loss[J]. Exploration and Contention, 2016(5):38-40.]
[12]
夏怡然,陆铭.城市间的孟母三迁——公共服务影响劳动力流向的经验研究[J].管理世界,2015(10):78-90.[Xia Yiran, Lu Ming. The three migrations of mengmu between cities:An empirical study on the impact of public services on labor flow[J]. Management World, 2015(10):78-90.]
[13]
Saiz A. Immigration and housing rents in American cities[J]. Journal of Urban Economics, 2007,61(2):345-371.
[14]
陆铭,欧海军,陈斌开.理性还是泡沫:对城市化、移民和房价的经验研究[J].世界经济,2014(1):30-54.[Lu Ming, Ou Haijun, Chen Binkai. Rationality or bubble:An empirical study of urbanization, immigration and housing price[J]. World Economy, 2014(1):30-54.]
[15]
陈斌开,张川川.人力资本和中国城市住房价格[J].中国社会科学, 2016(5):43-64.[Chen Binkai, Zhang Chuanchuan. Human capital and housing price in China[J]. China Social Sciences, 2016(5):43-64.]
[16]
高波,陈健,邹琳华.区域房价差异、劳动力流动与产业升级[J].经济研究,2012(1):66-79.[Gao Bo, Chen Jian, Zou Linhua. Regional housing price difference, labor mobility and industrial upgrading[J]. Economic Research, 2012(1):66-79.]
[17]
范剑勇,莫家伟,张吉鹏.居住模式与中国城镇化——基于土地供给视角的经验研究[J].中国社会科学,2015(4):44-63.[Fan Jianyong, Mo Jiawei, Zhang Jipeng. Housing models and urbanization in China:Empirical research from the perspective of land supply[J]. China Social Sciences, 2015(4):44-63.]
[18]
张莉,何晶,马润泓.房价如何影响劳动力流动?[J].经济研究,2017(8):155-170.[Zhang Li, He Jing, Ma Runhong. How housing price affects labor flow?[J]. Economic Research, 2017(8):155-170.]