IDEAS home Printed from https://ideas.repec.org/a/jfr/afr111/v5y2016i3p29.html
   My bibliography  Save this article

Dual Attributes of Government Intervention and China’s Real Estate Prices—Is Chinese Government a Promoter of the Real Estate Prices?

Author

Listed:
  • Hong Xu
  • Hui Wang
  • Chunming Zhou
  • Zhen Geng

Abstract

Real estate prices is the most controversial topic of people's livelihood, based on the dual attributes of government intervention,this article analyzes equilibrium properties of real estate prices and government intervention on real estate prices with two-tier stochastic frontier model. The results show that government intervention does play a leading role in the promotion process of real estate prices. Chinese buyers were forced to accept a higher prices than the equilibrium prices, but the net surplus that the government seized from the real estate has been decreasing year by year, the government is intended to make the real estate prices stable through policy intervention; Besides,the degree of intervention shows a significant geographical feature,that is,the eastern region’s intervention is the strongest, followed by the western and the central.

Suggested Citation

  • Hong Xu & Hui Wang & Chunming Zhou & Zhen Geng, 2016. "Dual Attributes of Government Intervention and China’s Real Estate Prices—Is Chinese Government a Promoter of the Real Estate Prices?," Accounting and Finance Research, Sciedu Press, vol. 5(3), pages 1-29, August.
    • Handle: RePEc:jfr:afr111:v:5:y:2016:i:3:p:29
    as

    Download full text from publisher

    File URL: https://www.sciedupress.com/journal/index.php/afr/article/download/9765/5914
    Download Restriction: no
    File URL: https://www.sciedupress.com/journal/index.php/afr/article/view/9765
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Euijune, Jaeuk Kim Ju, 2003. "Growth and Distributional Impacts of Urban Housing Supply: An Application of Urban Land Use and a CGE Model For Seoul," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 15(1), pages 66-81, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Partridge, Mark D. & Rickman, Dan S., 2012. "Integrating regional economic development analysis and land use economics," MPRA Paper 38291, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:afr111:v:5:y:2016:i:3:p:29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sciedu Press (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.