The Research On Local Government Behavior,Supply And Demand,Urban Housing Price

With the rise of China's urbanization brought the high housing prices,has become an important factor to restrict China's economic development and social harmony.On the one hand the local government heavily dependent on the real estate industry to stimulate the economy,on the other hand people complain about "housing difficult"problem.To end of this,the government introduced the "restriction order" and other macroeconomic policies to curb housing prices,but little effect,because there is no recognition of government factors behind the house prices.This paper starts from the logic of the system,analyzes the interest incentives of the local government in the real estate market.Then analyzes three specific paths,the government relies on the land finance to obtain the extra-budgetary income;the impact of the government's pursuit of urban economic openness on housing prices;and the capitalization effect of the government to provide public services to the city,comprehensively clarify the impact of government on urban housing prices.And then use the charts and other ways to show the results of the government affected the prices.Finally,this paper use the panel data of 35 large and medium cities in China from 2005 to 2014,construct the index system of government behavior,and use the supply and demand as the control variables to analyze the influence of government factors on urban housing prices.The study shows that the effect of government transfer of urban land and the provision of public goods on housing prices is positive,and the relationship between economic openness and house price is positively related.The demand factors have more influence on urban house price compared to supply factors.According to the above theoretical and empirical analysis,this paper proposes to reconstruct the central and local fiscal and taxation ratio;for the investment government needs to guide the macro industry,to limit the investment in the real estate industry;accelerating to achieve equalization of public services between cities.