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Land Supply and Capitalization of Public Goods in Housing Prices: Evidence from Beijing
| Content Provider | Semantic Scholar |
|---|---|
| Author | Zheng, Siqi Wang, Rui |
| Copyright Year | 2014 |
| Abstract | This paper studies the extent to which spatial heterogeneity in housing prices is affected by housing supply in Beijing's specific context of centralized metropolitan government without local property tax. Taking data sets of residential land leases and private housing sales records from 2006 to 2008 within Beijing's metropolitan area, this paper examines how the capitalization of school quality and subway accessibility in housing prices varies with land availability instrumented by the employ- ment density of state-owned enterprises (SOEs) at the beginning of SOE reform. Results confirm that the capitalization of school quality and subway accessibility is larger in supply-constrained locations. |
| Starting Page | 550 |
| Ending Page | 568 |
| Page Count | 19 |
| File Format | PDF HTM / HTML |
| DOI | 10.1111/jors.12095 |
| Volume Number | 54 |
| Alternate Webpage(s) | http://www.cre.tsinghua.edu.cn/publish/cre/9553/20150709/72891436448975626.pdf |
| Alternate Webpage(s) | https://doi.org/10.1111/jors.12095 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
