首页 > 通知公告 > 经济科学方法workshop2017-10

经济科学方法workshop2017-10

2017年05月31日

 

报告题目:Are Local Governments maximizing land revenue? Evidence from China
 
告人:
 
报告时间:2017年6月2日(周五上午)10:30 - 12:00
 
报告地点:问源阁315
 
主办单位:济与社会发展究院 济运行与财政政策研究基地
 
摘要:
 
This paper examines how political considerations affect local officials’ revenue maximization behaviors in the context of urban land conveyance in China. Particularly, we analyze government intervention based on local officials’ choice of two land auction types, namely, “English auction” and “two-stage auction”. The latter presumably serves as a tool of government intervention. We aim to address the research question: “Are local governments maximizing land revenue?” The major findings are threefold. First, for cities with higher housing prices, two-stage auctions are adopted more frequently than English auctions. In addition, land parcels in these “hot” cities adopt two-stage auctions more frequently during sensitive political events, suggesting that local officials respond positively to the real estate regulation policy from central government. Second, when city leaders are more incentivized to promote economic performance, they respond less positively to rises in housing prices. Third, such interventionist behavior results in a significantly depressed land price and housing price. Despite its intention of improving public welfare, this interventionism can susceptibly cause problems of misallocation and corruption.
 
报告人简介:
 
媛,华东师范大学,浙江大学理学博士、复旦大学用经济学博士后。主要研领域为城市经济学、土地经济学房地产经济学发表于《济研究》、《管理世界》、《世界经济》、《财贸经济》China Economic ReviewJournal of Real Estate Finance and EconomicsUrban Studies期刊。
 
                      经济与社会发展研究院  经济运行与财政政策研究基地
                                                  2017年5月31日
 
 
撰稿:宏伟  审核:王伟同
单位:经济与社会发展研究院   经济运行与财政政策研究基地