The Property Tax and Housing Price: An experiment Policy in China
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
This paper examines whether the property tax policy in Chongqing and Shanghai, two of Chinese cities, has successfully curbed the increasing housing price. Since 1999, the real estates market has experienced a substantial increase in China due to the free market reformation. The problem comes with the rising housing price in an unaffordable way. We apply the DID approach to analysis the property tax policy effect over 67 cities monthly housing price, and we find that, indeed, the property tax could lower the housing price in Chongqing and Shanghai. Our findings are robust to the other data with the synthetic control estimation for Shanghai.
Place, publisher, year, edition, pages
property tax, housing price index, DID method, fixed effect
IdentifiersURN: urn:nbn:se:uu:diva-255239OAI: oai:DiVA.org:uu-255239DiVA: diva2:821434
Solis, Alex, Forskare
Bengtsson, Niklas, Biträdande universitetslektor