主講人：華岳 副教授 湖南大學(xué)經(jīng)濟(jì)與貿(mào)易學(xué)院
主持人：趙瑞麗 講師 上海對(duì)外經(jīng)貿(mào)大學(xué)國(guó)際經(jīng)貿(mào)學(xué)院
時(shí)間：2021年06月10日周四上午，10:00-11:30
地點(diǎn)：上海對(duì)外經(jīng)貿(mào)大學(xué)博識(shí)樓113室
主辦：上海對(duì)外經(jīng)貿(mào)大學(xué)國(guó)際經(jīng)濟(jì)與貿(mào)易系
主講人簡(jiǎn)介：
華岳，湖南大學(xué)經(jīng)濟(jì)與貿(mào)易學(xué)院副教授，經(jīng)濟(jì)學(xué)博士，湖南大學(xué)“岳麓學(xué)者”，主要研究方向?yàn)閰^(qū)域與城市經(jīng)濟(jì)學(xué)、環(huán)境經(jīng)濟(jì)學(xué)，在Regional Science and Urban Economics, International Regional Science Review, China Economic Review，《中國(guó)經(jīng)濟(jì)問(wèn)題》、《產(chǎn)業(yè)經(jīng)濟(jì)評(píng)論》等國(guó)內(nèi)外期刊發(fā)表論文多篇，擔(dān)任10余本SSCI期刊匿名審稿人，主持國(guó)家自然科學(xué)基金項(xiàng)目及湖南省社會(huì)科學(xué)基金項(xiàng)目各1項(xiàng)。
報(bào)告摘要
For the past decade China has been suppressing the soaring housing price in major cities. In this study we evaluate the housing market effects of the home purchase restriction (HPR) policy in Changsha, a provincial capital city that has officially become a national role model in containing housing price. Using data from 30 land blocks within five urban districts, and by employing a regression discontinuity design, we comprehensively study the effects of HPR initiated in 2016 on the primary, secondary and rental housing market. We find that the HPR substantially lowers the floor space sold on the primary market, but imposes no significant impact on the price of new homes. On the resale market, the policy even raises the housing price by modest magnitude and the floor space sold by non-trivial amount. We also witness an increased market rent induced by the HPR, implying unfavorable distributional consequences. Spatial heterogeneities are further discussed among five submarkets. In general, we find that HPR per se is incapable of explaining the restricted housing price in Changsha, possibly due to asynchronous policy implementation, falsified purchase qualification and market expectation. The “Changsha paradigm” is more likely to be attributable to supply-side regulations such as limited land availability and home sale restrictions.