房价波动与地方政府行为:一个理论框架

Research on the Relationship of Local Government Behavior to Housing Price Fluctuation :A Theoretical Framework

地方政府行为是房价波动的重要原因。在对近年来房价波动和地方财政税收情况的分析基础上,从政府干预土地市场的渠道和机制角度进行了分析,认为地方财政行为是房价波动的直接原因,地方土地市场行为是财政行为的重要手段并导致房价波动,地方税收和投资融资体制是导致房价波动的财税制度背景,一二级房地产市场联动是房价波动重要作用机制。

The behavior of local government is a vital factor to the housing price fluctuation After an analysis of housing price fluctuation and situation of fiscal and taxation, this paper gives a theoretical analysis about the mechanism and method views under the government intervening. Rise of housing price should owe to the behavior of local finance and land market management. At the same time, institutions of local taxation, investment and financing form the institutional background; the interaction between first-hand and second-hand housing market do affect the fluctuation of housing price.