政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/74027

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109948/140897 (78%)
Visitors : 46072392 Online Users : 721

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 社會科學學院 > 財政學系 > 期刊論文 > Item 140.119/74027

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/74027

Title:	Empirical study of the local government deficit, land finance and real estate markets in China
Authors:	Pan J.-N., Huang J.-T., Chiang T.-F. 黃智聰
Contributors:	財政系
Keywords:	Local government deficit;Land finance;Real estate;China;Panel smooth transition regression model
Date:	2015-02
Issue Date:	2015-03-25 10:15:42 (UTC+8)
Abstract:	The purpose of this study is to explore an important issue concerning the relationship among the local government deficit, land finance and real estate markets in China. This study uses a panel data of 30 provinces in China during 1999–2010 to estimate the panel smooth transition regression model. Since the estimated transition threshold value is 14.62, provinces with the ratio of fiscal deficits to GDP of greater than 14.62% are categorized as in the high fiscal difficulty (HFD) regime. Otherwise they are in the low fiscal difficulty (LFD) regime. The primary finding of this study is that the land leasing fee has a significantly positive influence on the total value of commodity buildings sold in the LFD regime. In addition, the local fiscal deficit has a significantly positive impact on the real estate market in the LFD regime, but this impact turns to be negative in the HFD regime.
Relation:	China Economic Review,32,57-67
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1016/j.chieco.2014.11.003
DOI:	10.1016/j.chieco.2014.11.003
Appears in Collections:	[財政學系] 期刊論文

Files in This Item:

File	Description	Size	Format
j.chieco.2014.11.003.pdf		468Kb	Adobe PDF2	825	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...