IDEAS home Printed from https://ideas.repec.org/a/wsi/ijitdm/v11y2012i03ns0219622012500150.html
   My bibliography  Save this article

Impact Of Subsidy On Low-Rent Housing Lessees' Welfare In China

Author

Listed:
  • DI WU

    (Management School, Graduate University of Chinese Academy of Sciences, Beijing, 100190, China)

  • PENG GAO

    (Management School, Graduate University of Chinese Academy of Sciences, Beijing, 100190, China)

  • JICHANG DONG

    (Management School, Graduate University of Chinese Academy of Sciences, Beijing, 100190, China)

Abstract

Chinese Low-rent housing subsidy has been increasing year by year. However, it will be a very one-sided view if we only take the increasing number of subsidy into consideration when evaluating the effects of subsidy policy on low-rent housing lessees. Thus we studied on the impact of subsidy increase on low-rent housing lessees' welfare in China, and explored a valid way to evaluate the utility of the subsidy policy. At first, basing on the theory of welfare, we analyze the indifference curve model within consumption budget condition. After that, we applied the Cobb–Douglas utility function to establish a low-rent housing lessees' welfare model. Finally, some suggestions, especially in regard to the use of Information Technology to support subsidy making and protect low-rent housing lessees' welfare, are given to the Ministry of Housing and Urban–Rural Development of the People's Republic of China (MOHURD) and local Municipal Commissions of Housing and Urban–Rural Development (MCOHURD).

Suggested Citation

  • Di Wu & Peng Gao & Jichang Dong, 2012. "Impact Of Subsidy On Low-Rent Housing Lessees' Welfare In China," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 11(03), pages 643-660.
    • Handle: RePEc:wsi:ijitdm:v:11:y:2012:i:03:n:s0219622012500150
    DOI: 10.1142/S0219622012500150
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219622012500150
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219622012500150?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kuijs, Louis & Wang, Tao, 2005. "China's pattern of growth : moving to sustainability and reducing inequality," Policy Research Working Paper Series 3767, The World Bank.
    2. Knud Jørgen Munk, 2006. "Welfare Effects of Tax and Price Changes and the CES-UT Utility Function," Economics Working Papers 2006-15, Department of Economics and Business Economics, Aarhus University.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guangyue Gu & Youliang Lao & Yaxiong Ji & Shasha Yuan & Haijing Liu & Peng Du, 2023. "Development of hybrid super-capacitor and lead-acid battery power storage systems," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 18, pages 159-166.

    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. Yinhua Mai & Xiujian Peng & Peter Dixon & Maureen Rimmer, 2014. "The economic effects of facilitating the flow of rural workers to urban employment in China," Papers in Regional Science, Wiley Blackwell, vol. 93(3), pages 619-642, August.
    2. Dong He & Wenlang Zhang & Jimmy Shek, 2007. "How Efficient Has Been China'S Investment? Empirical Evidence From National And Provincial Data," Pacific Economic Review, Wiley Blackwell, vol. 12(5), pages 597-617, December.
    3. Anping Chen & Nicolaas Groenewold, 2011. "Regional Equality and National Development in China: Is There a Trade‐Off?," Growth and Change, Wiley Blackwell, vol. 42(4), pages 628-669, December.
    4. Dollar, David & Kraay, Aart, 2006. "Neither a borrower nor a lender: Does China's zero net foreign asset position make economic sense?," Journal of Monetary Economics, Elsevier, vol. 53(5), pages 943-971, July.
    5. John Knight & Wei Wang, 2011. "China’s Macroeconomic Imbalances: Causes and Consequences," The World Economy, Wiley Blackwell, vol. 34(9), pages 1476-1506, September.
    6. Yuqing Xing, 2008. "FDI in China: Facts and Impacts on China and the World Economy," Working Papers EMS_2008_03, Research Institute, International University of Japan.
    7. Marco G. Ercolani & Zheng Wei, 2010. "An Empirical Analysis of the Lewis-Ranis-FEi Theory of Dualistic Economic Development for China," Discussion Papers 10-06, Department of Economics, University of Birmingham.
    8. He, Qing & Tai-Leung Chong, Terence & Shi, Kang, 2009. "What accounts for Chinese Business Cycle?," China Economic Review, Elsevier, vol. 20(4), pages 650-661, December.
    9. John Knight & Wei Wang, 2011. "China’s Macroeconomic Imbalances: Causes and Consequences," The World Economy, Wiley Blackwell, vol. 34(9), pages 1476-1506, September.
    10. Knud Munk, 2008. "Tax-tariff reform with costs of tax administration," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(6), pages 647-667, December.
    11. Wang Dewen, 2010. "Can Social Security Boost Domestic Consumption in the People’s Republic of China?," Working Papers id:2490, eSocialSciences.
    12. MILOSAN, Alexandru-Ioan, 2013. "China'S Rise And U.S.- Chinese Tension," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(2), pages 95-101, May.
    13. Anping Chen & Nicolaas Groenewold, 2016. "Output Shocks In China: Do The Distributional Effects Depend On The Regional Source?," Economics Discussion / Working Papers 16-20, The University of Western Australia, Department of Economics.
    14. Jun Zhang, 2008. "China's Economic Growth: Trajectories and Evolving Institutions," WIDER Working Paper Series RP2008-33, World Institute for Development Economic Research (UNU-WIDER).
    15. Peng, Xiujian, 2015. "Contribution of rural migration to China's economic growth - a dynamic general equilibrium analysis," Conference papers 332584, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Chen, Anping & Groenewold, Nicolaas, 2018. "The regional effects of macroeconomic shocks in China," China Economic Review, Elsevier, vol. 48(C), pages 139-154.
    17. repec:zbw:bofitp:2011_015 is not listed on IDEAS
    18. Yinhua Mai & Xiujian Peng & Peter B. Dixon & Maureen T. Rimmer, 2009. "The effects of facilitating the flow of rural workers to urban employment in China," Centre of Policy Studies/IMPACT Centre Working Papers g-188, Victoria University, Centre of Policy Studies/IMPACT Centre.
    19. Adolf K.Y. Ng & Zaili Yang & Stephen Cahoon & Paul T.W. Lee & Winai Homosombat & Adolf K. Y. Ng & Xiaowen Fu, 2016. "Regional Transformation and Port Cluster Competition: The Case of the Pearl River Delta in South China," Growth and Change, Wiley Blackwell, vol. 47(3), pages 349-362, September.
    20. Horst Siebert, 2007. "China: Coming to Grips with the New Global Player," The World Economy, Wiley Blackwell, vol. 30(6), pages 893-922, June.
    21. Chen, Anping, 2010. "Reducing China's regional disparities: Is there a growth cost?," China Economic Review, Elsevier, vol. 21(1), pages 2-13, March.

    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:wsi:ijitdm:v:11:y:2012:i:03:n:s0219622012500150. 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijitdm/ijitdm.shtml .

    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.