文献类型：期刊文献

英文题名：Spillover effect analysis of home-purchase limit policy on housing prices in large and medium-sized cities: Evidence from China

作者：Wu, Guancen[1];Guo, Wenjing[1];Niu, Xing[2]

机构：[1]Shanghai Univ, Sch Management, Shanghai, Peoples R China;[2]East China Univ Sci & Technol, Sch Social & Publ Adm, Shanghai, Peoples R China

年份：2023

卷号：18

期号：1

外文期刊名：PLOS ONE

收录：;WOS:【SCI-EXPANDED(收录号:WOS:000932042500001)】；

基金：This work was supported by the Philosophy and Social Science Planning Project of Shanghai City [grant number 2019BCK002], the National Social Science Fund of China [grant number 21AZD036], the Ministry of education of Humanities and Social Science Project of China [grant number 22YJA630096,20YJC630108].

语种：英文

摘要：Home-purchase limit is a unique administrative housing policy of China and has non-negligible influences on the housing price. The objective of this study is to analyze the spillover effect of home-purchase limit policy on housing prices in 35 large and medium-sized cities. The panel data of these cities and the spatial Durbin model are employed in this study. The results indicate that the spillover effect of home-purchase limit policy is positive and significant in all of 35 cities. However, when we categorize these cities into high-risk, medium-risk, and low-risk based on housing price characteristics, the spillover effect of home-purchase limit policy is different. It is not significant in high-risk cities, is negatively significant in medium-risk cities, and is positively significant in low-risk cities. This paper suggests that local governments can pay more attention to the precise design and implementation of home-purchase limit policy, and maintain policy continuity to avoid further spillover fluctuations in housing prices.