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- W2367812826 abstract "Taking 31 provincial-level administrative regions as research objects,this paper uses Geographically Weighted Regression( GWR) model to explore the impact mechanism of land supply policy on the housing price and the extent of effects as well as spatial distribution of different influencing factors. The goal of the paper is to provide theoretical support and help in the participation of land policy in the course of real estate regulation. The study shows that:( 1) Ceteris paribus,land supply and land use structure have a significant negative effect on housing prices,and there exists significant spatial variability.( 2) A decreasing trend from the northeast and the north to the southwest can be noted in the absolute value of the land supply coefficient,while the absolute value of social housing supply coefficient decreases from the south to the northeast and the northwest.( 3) From the angle of economic fundamentals,two indicators,GDP per capita and the ratio of employed population,display a significant positive relationship with housing price,while the relation between housing area per capita in urban areas and housing prices is negative,and there is significant spatial variability among the three variables. The study's conclusion includes that GWR model can improve the traditional regression method,and it can better estimate the spatial variation of housing price influencing factors; increasing the supply of land in the northeast part of China has greater negative impact on housing price compared with that of the southwest part,and the supply of social housing in south part of China has greater negative impact on housing price compared with the north part.So the optimization of land supply policy and the implementation of differentiated regulation serve a reasonable method in the housing prices regulation in the future." @default.
- W2367812826 created "2016-06-24" @default.
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- W2367812826 date "2014-01-01" @default.
- W2367812826 modified "2023-09-25" @default.
- W2367812826 title "Effect of Land Supply Policy on China's Housing Price Based on Geographically Weighted Regression Model" @default.
- W2367812826 hasPublicationYear "2014" @default.
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