房地产税、地方公共支出对房价影响——全国及区域层面的面板数据分析

研究目的：分析中国房地产税、地方公共支出对房价的影响。研究方法：计量经济模型。研究结果：（1）中国房地产税对房价有抑制作用，而地方公共支出对房价有促进作用，两者对房价的净影响为正；（2）房地产税对房价影响存在显著的区域差异，且各房地产税种对房价影响不尽相同；（3）地方公共支出对房价的影响也存在显著的区域差异，东部地区大于中、西部地区。研究结论：（1）房地产税收和地方公共支出预算相互配套的政策组合能有效调控房地产市场。（2）中国房地产税对房价的调控能力不强，应改革现行的房地产税制，开征物业税。

Impacts of Real Estate Tax and Local Public Expenditure on House Price Based on National and Regional Panel Data Analysis

The purpose of this paper is to analyze the impacts of real estate tax and local public expenditure on house price. Econometric analysis was employed. The results show that:（1）real estate tax has negative effects on house price, while local public expenditure has positive effects, and the total net effects combined both are positive;（2）impacts of real estate tax on house price are regionally different, and each item of real estate taxation has distinct different effect; （3） the impacts of local public expenditure on house price are also spatially different, which are more significant in the eastern China than in the middle and western regions. It is concluded that:（1）real estate taxes and pubic expenditure budget policies should be jointly used to control real estate market development; （2）the capability of China’s real estate taxes impacts on house price is not strong enough, so it is necessary to reform the real estate taxes system, i.e. property tax should be imposed.