财政分权对城市房价的影响——溢出效应检验及中介路径识别  

Impact of Fiscal Decentralization on Urban Housing Prices——Spillover Effect and Mediating Path

作　　者：安勇 王拉娣 

机构地区：[1]山西财经大学财政金融学院,太原030006

出　　处：《软科学》2017年第11期30-33,共4页Soft Science

基　　金：国家自然科学基金项目(70973072);教育部人文社会科学青年基金项目(12YJCZH098)

摘　　要：通过将财政分权、土地财政及房价纳入同一逻辑框架,剖析了财政分权对房价的作用机制,并以2005~2014年中国70个大中城市面板数据为研究样本,运用动态面板数据模型以及中介效应检验法进行了实证分析。结果表明,财政分权对城市房价具有显著的正向溢出效应,且作用力度存在区域差异,财政分权对东部城市房价的推动作用明显强于中西部城市;土地财政在财政分权与城市房价之间发挥了正中介效应,且其占总效应的比重高达57.41%。据此对平抑城市房价提出了针对性建议。This paper analyzes the mechanism of fiscal decentralization on housing prices by integrating fiscal decentralization,land finance and housing prices into the same logical framework. And then,this paper tests empirically with panel data of 70 metropolitans from 2005 to 2014 by using dynamic panel data model and mediating effect method. The results show that,fiscal decentralization has a significant positive spillover effect on urban housing prices,but the effects have regional differences. Specifically,the effects of fiscal decentralization on housing prices are larger in eastern cities than in middle and western cities. Land finance has a positive mediating effect in the relationship between fiscal decentralization and urban housing prices,which accounts for up to 57. 41% of the total effects. At last,this paper puts forward corresponding suggestions to stabilize urban housing prices.

关 键 词：财政分权 房价 土地财政 中介效应 

分 类 号：F293.2[经济管理—国民经济]