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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front Econ Chin    2008, Vol. 3 Issue (4) : 627-643    https://doi.org/10.1007/s11459-008-0031-7
research-article |
Property tax and speculative bubble: An empirical analysis of Tianjin
LI Wei
School of Business, Nankai University, Tianjin 300071, China;
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Abstract

The main purpose of this paper is to identify and measure the potential effect of property tax on speculative bubble in residential property market in China where the issue on the introduction of property tax is still fiercely debated. As a primary and necessary step, we firstly provide an empirical analysis on housing price dynamics of Tianjin. Moreover, this paper proposes a method to identify and measure the potential effect of property tax on speculative bubble in housing market. To capture the actual influence of property tax, we divide the effect into short-term one and long-term one and measure them respectively based on the information provided by estimation result of housing price structure.

Keywords property tax      speculative bubble      housing price     
Corresponding Authors: LI Wei,Email:liweii@yahoo.cn   
Issue Date: 05 December 2008
 Cite this article:   
LI Wei. Property tax and speculative bubble: An empirical analysis of Tianjin[J]. Front Econ Chin, 2008, 3(4): 627-643.
 URL:  
http://academic.hep.com.cn/fec/EN/10.1007/s11459-008-0031-7
http://academic.hep.com.cn/fec/EN/Y2008/V3/I4/627
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