住房限购政策与城市房价波动分析  

Residential Housing Purchase Restriction and the Fluctuation of Urban House Price

作　　者：米晋宏[1] 刘冲[2] 

机构地区：[1]上海海事大学经济管理学院,201306 [2]上海财经大学金融学院,200433

出　　处：《上海经济研究》2017年第1期101-111,共11页Shanghai Journal of Economics

基　　金：国家自然科学基金项目中国P2P金融的市场微观结构研究--基于经济网络分析的方法(编号:71503165)资助

摘　　要：该文利用我国90个地级市2010年6月至2013年12月的新建住宅均价数据,运用倍差法考察了住房限购政策对房价的抑制效应。研究发现住房限购政策使房价降低了1.04%~2.36%。进一步考察限购政策在城市间的异质性效应,发现需求特征对限购作用的影响微弱,而供给因素房地产开发投资(住宅)占GDP比重越高的城市,限购抑制房价的效果也越强。With average new housing prices data of 90 prefecture-level cities from June 2010 to December 2013, the paper examines the policy effect of Residential Purchase Restriction （RPR） by method of difference-in-difference. The results suggest that housing prices of the cities under residential purchase restriction decreased by 1. 04% - 2. 36%. Further investigating heterogeneity between cities shows that demand characteristics weakly influences the policy effect, while higher proportion of residential development investment relative to GDP as a factor of supply could strengthen the policy effect.

关 键 词：限购 房价 城市特征 异质性 

分 类 号：F293.35[经济管理—国民经济]