城市教育配套对住宅价格的影响:基于公共品资本化视角的实证分析

The Impact of Educational Facilities on Housing Price:An Empirical Analysis from the Perspective of the Capitalization for Public Goods

研究目的:验证杭州市区内各类教育配套对住宅价格的影响,并定量评估教育设施的资本化效应程度。研究方法:特征价格法。研究结果:教育设施对住宅价格具有正向的资本化效应。小学和初中存在显著的学区效应,小学质量、初中质量每上升1个等级,将给其学区内的住宅价格带来2.3%或2.6%的增幅。幼儿园、高中和大学则通过可达性提高了周边住宅的价格,小区1 km范围内每增加一所幼儿园,住宅总价上升0.1%;处于高中或大学1 km范围内,住宅总价分别上升1.8%和2.1%。研究结论:证实了教育设施对住宅价格的正向影响,购房者和投资者愿意为教育质量或可达性支付附加价格。

The purpose of the study is to test the impact of educational facilities on housing price in Hangzhou city, and to estimate the capitalization rate of education quantitatively. Method employed is hedonic price approach. The results indicate that educational facilities have a positive capitalization effect on housing price. Elementary schools and junior high schools have significant effect of school district. The quality improvement on elementary schools and junior high schools can led to housing prices increased by 1.9% or 2.6% in corresponding school district. Kindergarten and university also have improvement effect on surrounding housing price through their accessibility, and each additional kindergarten within lkm makes housing price increase by 0.2%, while the existence of university within 1 km makes that increase by 1.7%. It is concluded that the positive impact of educational facilities on housing price really exists. House-buyers and investors are willing to pay the additional price for school quality or accessibility.