Property tax in China: Is it effective in curbing housing price?
Publication in refereed journal


香港中文大学研究人员 ( 现职)

郑环环教授 (经济学系)

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摘要This paper studies the effects of the property tax. Implemented in Shanghai and Chongqing since January 28, 2http://aims.cuhk.edu.hk/converis/portal/Publication/011, on the housing price. Applying the synthetic control method of Abadie, Diamond, and Hainmueller (2http://aims.cuhk.edu.hk/converis/portal/Publication/01http://aims.cuhk.edu.hk/converis/portal/Publication/0), we construct counterfactual housing price for Shanghai and Chongqing using monthly data from 33 cities that have no property tax. Comparing the counterfactual and actual price, we estimate that by November 2http://aims.cuhk.edu.hk/converis/portal/Publication/012 the average housing price in Shanghai was about 2127 RMB/m2 or 13.4% lower than it would have been in the absence of the property tax. This evidence is found to be significant using placebo test. We find no significant evidence that property tax is effective in curbing the housing price in Chongqing.

着者Zheng H., Zhang Q.
期刊名称Economics Bulletin
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/013
月份11
日期12
卷号33
期次4
出版社Economics Bulletin
出版地United States
页次2465 - 2474
国际标準期刊号1545-2921
语言英式英语