2023
DOI: 10.1371/journal.pone.0280235
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Spillover effect analysis of home-purchase limit policy on housing prices in large and medium-sized cities: Evidence from China

Abstract: Home-purchase limit is a unique administrative housing policy of China and has non-negligible influences on the housing price. The objective of this study is to analyze the spillover effect of home-purchase limit policy on housing prices in 35 large and medium-sized cities. The panel data of these cities and the spatial Durbin model are employed in this study. The results indicate that the spillover effect of home-purchase limit policy is positive and significant in all of 35 cities. However, when we categoriz… Show more

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Cited by 3 publications
(2 citation statements)
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“…It confirms the land rent theory proposed by Ricardo, [ 24 ]. Wu et al [ 25 ] then used the data on house prices and land prices in 35 large and medium-sized cities in China from 2003 to 2008 for empirical analysis. The results show that land prices are determined by house prices, and high house prices are the main cause of the frequent occurrence of the "land king phenomenon."…”
Section: Literature Reviewmentioning
confidence: 99%
“…It confirms the land rent theory proposed by Ricardo, [ 24 ]. Wu et al [ 25 ] then used the data on house prices and land prices in 35 large and medium-sized cities in China from 2003 to 2008 for empirical analysis. The results show that land prices are determined by house prices, and high house prices are the main cause of the frequent occurrence of the "land king phenomenon."…”
Section: Literature Reviewmentioning
confidence: 99%
“…The nationwide household registration system, also known as the "Hukou" system, provides citizens with a legal document and divided Chinese residents into two categories: rural hukou and urban hukou (Liu, 2005). Hukou can determine access to housing, education, medical treatment, and other social welfare rights (Wu et al, 2023). Citizens with rural hukou have limited access to the above public service compared to those with urban hukou.…”
Section: Social Engagementmentioning
confidence: 99%