【摘 要】
：
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
【机 构】
：
School of Economics and Management,University of Chinese Academy of Sciences,Beijing 100190,China;De
论文部分内容阅读
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.
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