Real estate prices, fiscal revenue and economic growth
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Real estate prices, fiscal revenue and economic growth
Real estate prices, fiscal revenue and economic growth
Journal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press International Real estate prices, fiscal revenue and economic growth LimitedReal estate prices, fiscal revenue and economic growthXiaoyu Gao, Anjie Dong2AbstractThis paper attempts to analyze the relationship between government land prices and fiscal revenues, economic growth, to test the short-term and long-term effects of rising real estate prices on fiscal revenu Real estate prices, fiscal revenue and economic growthe and GDP growth. This paper attempts to explain two problems with empirical data: (1) Whether it is for the government, pushing up house prices cannoReal estate prices, fiscal revenue and economic growth
t escort economic growth, and the long-term utility of the government is conserved; (2) and pushing up house prices at the quantitative level, for theJournal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press International Real estate prices, fiscal revenue and economic growthp house prices does not promote government effectiveness. For the government, it is ultimately tax-equivalent.JEL classification numbers: G11. G12, G14Keywords: Real estate price, land finance, economic growth.1. IntroductionThere is no such price increase as the increase in property price can arous Real estate prices, fiscal revenue and economic growthe the attention of the whole society. Since 2001, the real estate price of China has risen the most among the G20 countries, and also the engaged popuReal estate prices, fiscal revenue and economic growth
lation is the most numerous. Knoll et al. (2017) found that the rise in the house price is a phenomenon that almost all countries in the world will enJournal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press International Real estate prices, fiscal revenue and economic growths hardly any country that had its property price growing under such an astonishing rate and magnitude as China since the 19th century.PBC School of Finance. Tsinghua University. 43 Chengfu Road. Beijing 100083. China.: New York University, 70 Washington Square South, New York, NY. 10012, USA.Article Real estate prices, fiscal revenue and economic growth Info: Received: October 15, 2019. Revised: October 28, 2019.Published online: March 1.2020.126Xiaoyit Gao and Anjie DongThe inflation in real estateReal estate prices, fiscal revenue and economic growth
prices has become one of the most significant difficulties in people's lives and also a potential threat to the active growth of the economy. To solveJournal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press International Real estate prices, fiscal revenue and economic growthints against each other. The focus of this paper is to try7 to study the relationship among the property price, economic growth, and fiscal revenue.For the mosl widely used 100-cily Price Index, the 100 cilies' average properly price was 9.042 RMB in June 2010. By December 2016. lhe average rale had Real estate prices, fiscal revenue and economic growth increased by 45% to 13,035 RMB. The tier-one cities (Beijing, Shanghai. Guangzhou, and Shenzhen) saw a more substantial price jump. Tn .Tune 2010. thReal estate prices, fiscal revenue and economic growth
e average price was 20.780 RMB; and in December 2016. il soared 94% lo 40.450 RMB. During lhe same period, il is hard lo observe such a surge in OllieJournal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press International Real estate prices, fiscal revenue and economic growthexample, the 100-ctty residential price index shows that the sample residential price of Beijing at the end of 2016 was 41,000 RMB. In fact, according lo lhe transaction data displayed by various properly agencies, the average home price in Beijing is no less than 55.000 RMB. Considering the low den Real estate prices, fiscal revenue and economic growthsity of suburban counties, the real cost of Beijing urban area should be significantly higher than 55,000 RMB. Even from the 100-city Price Index, theReal estate prices, fiscal revenue and economic growth
increase in real estate prices is considered rapid.>1,000.00?,000.0010, (XX). 00500008382828383838 ạ838 3 8■*ul,ú*|ÒfxreJs/sk/J.0Ji4r< ob ob ỜỊHouse Journal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press International Real estate prices, fiscal revenue and economic growtht-tier citiesCompared to Ollier countries across the globe. China's real estate price has reached a relatively high level, of course, il is insignificant lo examine absolute prices, because the stage of development differs across countries, and the residential income level and its growth rate also v Real estate prices, fiscal revenue and economic growthary significantly. Therefore, when comparingReal estate prices, fiscal revenue and economic growthJournal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press International Journal of Applied Finance & Banking, vol. 10. no. 2, 2020, ỉ 25-166 ISSN: 1792-6580 (print version), 1792-6599(online)Scientific Press InternationalGọi ngay
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