The hedonic price model is widely applied to study the urban housing market because of the heterogeneity of housing products. Literature indicated that the hedonic price theory mainly includes two parts: Lancaster’s ...The hedonic price model is widely applied to study the urban housing market because of the heterogeneity of housing products. Literature indicated that the hedonic price theory mainly includes two parts: Lancaster’s partiality theory and Rosen’s characteristic market equilibrium analysis. This paper chose 18 characteristics as independent variables and set up a linear hedonic price model for Hangzhou City. The model was tested with 2473 housing samples and field survey data of 290 housing commu-nities. This research found that 14 out of 18 characteristics had significant influence on housing price. They were classified into 5 groups according to their impact degree.展开更多
This paper studies the relationship between accessibility and housing prices in Dalian by using an improved geographically weighted regression model and house prices, traffic, remote sensing images, etc. Multi-source ...This paper studies the relationship between accessibility and housing prices in Dalian by using an improved geographically weighted regression model and house prices, traffic, remote sensing images, etc. Multi-source data improves the accuracy of the spatial differentiation that reflects the impact of traffic accessibility on house prices. The results are as follows: first, the average house price is 12 436 yuan(RMB)/m^2, and reveals a declining trend from coastal areas to inland areas. The exception was Guilin Street, which demonstrates a local peak of house prices that decreases from the center of the street to its periphery. Second, the accessibility value is 33 minutes on average, excluding northern and eastern fringe areas, which was over 50 minutes. Third, the significant spatial correlation coefficient between accessibility and house prices is 0.423, and the coefficient increases in the southeastern direction. The strongest impact of accessibility on house prices is in the southeastern coast, and can be seen in the Lehua, Yingke, and Hushan communities, while the weakest impact is in the northwestern fringe, and can be seen in the Yingchengzi, Xixiaomo, and Daheishi community areas.展开更多
Development zones have been an important spatial approach to opening-up. They have also been major contributors to the processes of promoting economic development since China＇s reform and China＇s industrialization a...Development zones have been an important spatial approach to opening-up. They have also been major contributors to the processes of promoting economic development since China＇s reform and China＇s industrialization and urbanization. Along with im- provements in the worldwide industrial division of labor and the gradual implementation of China＇s development zones＇ Go Global strategy, it is necessary for Africa, a hot spot of global industrialization in recent years, to learn from China＇s development zone model. By attracting China＇s capital, technology and enterprises to Africa via Sino-African co-built development zones, a pattern of high com- plementarity and mutual development between China and Africa can be formed which does favor further improvement of the global industrial division of labor. In order to study the applicability and prospect of China＇s development zone model in Africa as per the above-mentioned international situation, this paper first sorts out the development course of China＇s development zones and discusses their roles in China＇s industrialization and urbanization. Subsequently, this paper analyzes the status quo of industrial development in Africa as a whole and the differences in industrial development between China and Africa, aiming to justify the timing of industrial transfer from China to Africa by constructing Sino-African co-built development zones. Lastly, this paper analyzes the current situation of six Sino-African co-built development zones by focusing on their operation modes, industry types and investment promotion models. In the authors＇ view, Sino-African co-built development zones can function as a new window of China-African cooperation, a new car- rier of African industrialization, and a new engine of global industrial restructuring. China should adhere to the general principles of ＇Sino-African Integration, Multi-Cooperation, Mutual Benefit, Scientific Location, Systematic Planning, Cluster Growth and Open De- velopment＇ in the planning and construction of development zones in Africa, effectively promoting Africa as the very important part of the global industry system.展开更多
The price in an efficient market can adjust to new information instantaneously to eliminate any arbitrage opportunities. Such a phenomenon is not always observed in the real estate market because of its unique charact...The price in an efficient market can adjust to new information instantaneously to eliminate any arbitrage opportunities. Such a phenomenon is not always observed in the real estate market because of its unique characteristics, which include fixed location, heterogeneity and low transaction frequency. Using housing and office market data of some major cities in China, this paper examines the return and risk characteristics in these markets and assesses market efficiency. It finds that a number of instruments, including lagged quarterly and annual excess returns and, to some extent, the measure of the deviation of price from the intrinsic value, predict future returns. Therefore, weak form and semi-strong form efficiency can both be rejected in these real estate markets. These empirical findings suggest that there is slow price adjustment in real estate markets in China, which may be attributed to inefficient information transmission systems and long searching time in the markets.展开更多
This paper applies the residence utility principles to the study of public housing rent and regards that the average utility of a household determines the public housing rent level. It also suggests that the governmen...This paper applies the residence utility principles to the study of public housing rent and regards that the average utility of a household determines the public housing rent level. It also suggests that the government use multi-level public housing rent to substitute for single-level in order to make the policies for public housing rent more just, equitable and effective.展开更多
Nowadays the fast economic development has brought about serious conflicts between the limited land resources and the increasing land demand in Chuzhou City. The changes of land use structure also restrict economic de...Nowadays the fast economic development has brought about serious conflicts between the limited land resources and the increasing land demand in Chuzhou City. The changes of land use structure also restrict economic development and society progress in this area. Because different cities have different functional localization, the city area and each county (city) have formed characteristic land utilization structure. It is of great significance to make rational use of land resources and ensure the sustainable use of land resources by analyzing the variation of land use structure in the city area and each county (city) in Chuzhou City. Based on the data of land use modification of Chuzhou City from 1996 to 2005 and adopting the quantitative analysis of landscape ecology, this paper studies quantitatively the temporal division of regional land use structure and its dynamic changes. The results indicate that: (1) this method can reveal the law of the variation; (2) the variation of land use structure in Chuzhou City: increasing diversification, evenness and heterogeneity; (3) the intensity of change in land use from 1996 to 2005 in the city appeared in the sequence: grass land > traffic land > garden land > virgin land > forest land > industrial and residential land > cultivated land > other agricultural land > water facility land; (4) there were remarkable differences between the city area and each county (city) in the relative change and the land use structure change from 1996 to 2005. This paper analyzes the variation of land use structure in Chuzhou City, and finally proposes related countermeasures and suggestions.展开更多
基金Project supported by the National Social Science Foundation of China (No. 05CJY017), the Philosophy and Social Science Founda-tion of Zhejiang Province, China (No. N04GL06), and ShuguangProject (2004) of Zhejiang University, China
文摘The hedonic price model is widely applied to study the urban housing market because of the heterogeneity of housing products. Literature indicated that the hedonic price theory mainly includes two parts: Lancaster’s partiality theory and Rosen’s characteristic market equilibrium analysis. This paper chose 18 characteristics as independent variables and set up a linear hedonic price model for Hangzhou City. The model was tested with 2473 housing samples and field survey data of 290 housing commu-nities. This research found that 14 out of 18 characteristics had significant influence on housing price. They were classified into 5 groups according to their impact degree.
基金Under the auspices of National Natural Science Foundation of China(No.41471140,41771178)Liaoning Province Outstanding Youth Program(No.LJQ2015058)
文摘This paper studies the relationship between accessibility and housing prices in Dalian by using an improved geographically weighted regression model and house prices, traffic, remote sensing images, etc. Multi-source data improves the accuracy of the spatial differentiation that reflects the impact of traffic accessibility on house prices. The results are as follows: first, the average house price is 12 436 yuan(RMB)/m^2, and reveals a declining trend from coastal areas to inland areas. The exception was Guilin Street, which demonstrates a local peak of house prices that decreases from the center of the street to its periphery. Second, the accessibility value is 33 minutes on average, excluding northern and eastern fringe areas, which was over 50 minutes. Third, the significant spatial correlation coefficient between accessibility and house prices is 0.423, and the coefficient increases in the southeastern direction. The strongest impact of accessibility on house prices is in the southeastern coast, and can be seen in the Lehua, Yingke, and Hushan communities, while the weakest impact is in the northwestern fringe, and can be seen in the Yingchengzi, Xixiaomo, and Daheishi community areas.
基金Under the auspices of the Specific Plan for Strategic International Cooperation in Scientific and Technological Innovationthe National Key Research and Development Plan‘Research Cooperation and Exemplary Application in Planning of Overseas Industrial Parks’(No.2016YFE0201000)Project of ‘Drawing the Lessons from the Experience of China’s Development Zones to African Industrialization’(No.15FZZX02YB)
文摘Development zones have been an important spatial approach to opening-up. They have also been major contributors to the processes of promoting economic development since China＇s reform and China＇s industrialization and urbanization. Along with im- provements in the worldwide industrial division of labor and the gradual implementation of China＇s development zones＇ Go Global strategy, it is necessary for Africa, a hot spot of global industrialization in recent years, to learn from China＇s development zone model. By attracting China＇s capital, technology and enterprises to Africa via Sino-African co-built development zones, a pattern of high com- plementarity and mutual development between China and Africa can be formed which does favor further improvement of the global industrial division of labor. In order to study the applicability and prospect of China＇s development zone model in Africa as per the above-mentioned international situation, this paper first sorts out the development course of China＇s development zones and discusses their roles in China＇s industrialization and urbanization. Subsequently, this paper analyzes the status quo of industrial development in Africa as a whole and the differences in industrial development between China and Africa, aiming to justify the timing of industrial transfer from China to Africa by constructing Sino-African co-built development zones. Lastly, this paper analyzes the current situation of six Sino-African co-built development zones by focusing on their operation modes, industry types and investment promotion models. In the authors＇ view, Sino-African co-built development zones can function as a new window of China-African cooperation, a new car- rier of African industrialization, and a new engine of global industrial restructuring. China should adhere to the general principles of ＇Sino-African Integration, Multi-Cooperation, Mutual Benefit, Scientific Location, Systematic Planning, Cluster Growth and Open De- velopment＇ in the planning and construction of development zones in Africa, effectively promoting Africa as the very important part of the global industry system.
文摘The price in an efficient market can adjust to new information instantaneously to eliminate any arbitrage opportunities. Such a phenomenon is not always observed in the real estate market because of its unique characteristics, which include fixed location, heterogeneity and low transaction frequency. Using housing and office market data of some major cities in China, this paper examines the return and risk characteristics in these markets and assesses market efficiency. It finds that a number of instruments, including lagged quarterly and annual excess returns and, to some extent, the measure of the deviation of price from the intrinsic value, predict future returns. Therefore, weak form and semi-strong form efficiency can both be rejected in these real estate markets. These empirical findings suggest that there is slow price adjustment in real estate markets in China, which may be attributed to inefficient information transmission systems and long searching time in the markets.
文摘This paper applies the residence utility principles to the study of public housing rent and regards that the average utility of a household determines the public housing rent level. It also suggests that the government use multi-level public housing rent to substitute for single-level in order to make the policies for public housing rent more just, equitable and effective.
基金This research is supported by National Natural Science Foundation of China （Grant No. 40371106, 70341021）.
文摘Nowadays the fast economic development has brought about serious conflicts between the limited land resources and the increasing land demand in Chuzhou City. The changes of land use structure also restrict economic development and society progress in this area. Because different cities have different functional localization, the city area and each county (city) have formed characteristic land utilization structure. It is of great significance to make rational use of land resources and ensure the sustainable use of land resources by analyzing the variation of land use structure in the city area and each county (city) in Chuzhou City. Based on the data of land use modification of Chuzhou City from 1996 to 2005 and adopting the quantitative analysis of landscape ecology, this paper studies quantitatively the temporal division of regional land use structure and its dynamic changes. The results indicate that: (1) this method can reveal the law of the variation; (2) the variation of land use structure in Chuzhou City: increasing diversification, evenness and heterogeneity; (3) the intensity of change in land use from 1996 to 2005 in the city appeared in the sequence: grass land > traffic land > garden land > virgin land > forest land > industrial and residential land > cultivated land > other agricultural land > water facility land; (4) there were remarkable differences between the city area and each county (city) in the relative change and the land use structure change from 1996 to 2005. This paper analyzes the variation of land use structure in Chuzhou City, and finally proposes related countermeasures and suggestions.
