城市公共品供给对住宅价格的影响效应研究——基于35个大中城市的实证分析

A Research of the Influence of Urban Public Goods Supply on Housing Price:An Empirical Analysis Based on 35 Large and Medium-sized Cities

转型中国社会,一方面正面临着房价高企的政策调控之惑,另一方面又经历着公共品供给均等化的民生之需。住宅作为异质性商品,因所处区位差异而带来的交通、教育、医疗环境差异必然导致价格差异。随着中国城市内居民流动性的增强和住宅市场的逐步成熟,居住选址成为居民接近和获取教育和环境等地方公共品的中间机制,从而住宅在经济区位上的差异体现为公共物品供给上的差异。本文在阐释公共品供给与住宅价格相关理论的基础上,通过面板回归模型,结合中国35个大中城市的数据,研究城市公共品供给对住宅价格的影响效应,结果表明无论是公共品供给水平还是强度对住宅价格都存在着显著的正影响,在一定程度上显示了公共品资本化的效应。基于此,政府在住宅市场宏观调控时要系统考虑公共资本的社会溢出效应,提高城市公共空间利用的市场效率与居民的福利水平。

On the background of the transformation of Chinese society, the policy regulation of high house prices and people＇s livelihood need of the equal public goods supply exist side by side. Housing as a heterogeneous good will inevitably present a price difference due to the district discrepancy in transportation, education, medical treatment environment. With the enhancement of urban residents mobility and the increasing mature of housing market, the residential location selection has be- come an intermediate mechanism to access education and environment resources. Therefore the economic geographical differ- ences in housing are embodied in the differences of public goods supply. This paper analyses the impact of urban public goods supply on housing prices by combining the dynamic panel regression model with data of 35 large and medium-sized cities. The results show that the improvement of public goods supply has a positive impact on housing prices, which indicates the imfluence of the capitalization of public service. Based on the facts above, the national macroeconomic regulation and control in the housing market should fully consider tbe social spillover effects of public capitals.