TAILIEUCHUNG - Real estate prices, fiscal revenue and economic growth

This paper attempts to analyze the relationship between government land prices and fiscal revenues, economic growth, to test the short-term and long-term effects of rising real estate prices on fiscal revenue and GDP growth. This paper attempts to explain two problems with empirical data: (1) Whether it is for the government, pushing up house prices cannot escort economic growth, and the long-term utility of the government is conserved; (2) and pushing up house prices at the quantitative level, for the economy and How much quantitative impact fiscal revenue has on the short-term and long-term, respectively. In the end, it is concluded that pushing up house prices does not promote government effectiveness. For the government, it is ultimately tax-equivalent. | Journal of Applied Finance Banking vol. 10 no. 2 2020 125-166 ISSN 1792-6580 print version 1792-6599 online Scientific Press International Limited Real estate prices fiscal revenue and economic growth Xiaoyu Gao1 Anjie Dong2 Abstract This paper attempts to analyze the relationship between government land prices and fiscal revenues economic growth to test the short-term and long-term effects of rising real estate prices on fiscal revenue and GDP growth. This paper attempts to explain two problems with empirical data 1 Whether it is for the government pushing up house prices cannot escort economic growth and the long-term utility of the government is conserved 2 and pushing up house prices at the quantitative level for the economy and How much quantitative impact fiscal revenue has on the short-term and long-term respectively. In the end it is concluded that pushing up house prices does not promote government effectiveness. For the government it is ultimately tax-equivalent. JEL classification numbers G11 G12 G14 Keywords Real estate price land finance economic growth. 1. Introduction There is no such price increase as the increase in property price can arouse the attention of the whole society. Since 2001 the real estate price of China has risen the most among the G20 countries and also the engaged population is the most numerous. Knoll et al. 2017 found that the rise in the house price is a phenomenon that almost all countries in the world will encounter during the stage of rapid economic growth. However from the relationship between the average household income and real estate prices there is hardly any country that had its property price growing under such an astonishing rate and magnitude as China since the 19th century. 1 PBC School of Finance Tsinghua University 43 Chengfu Road Beijing 100083 China. 2 New York University 70 Washington Square South New York NY 10012 USA. Article Info Received October 15 2019. Revised October 28 2019. Published online March 1 .

• Đầu tư Bất động sản
• Real estate price
• Land finance
• Economic growth
• Fiscal revenue and economic growth
• Ultimately tax equivalent
• Asset price
• Real estate
• Portfolio management
• Real estate assets
• Risk measures of real estate
• Social sciences and humanities
• The hedonic modelling
• Real estates price in Morocco
• Hedonic index
• Real estate market
• Summary of Ph D thesis
• Thesis Summary of Doctor of Business Administration
• Selling price of luxury apartment
• High end condominium
• transaction costs
• selling land
• real estate investment
• housing sales skills
• cost of the purchase price
• Purchase price
• Lease agreement
• Market specific
• financial environment
• Future development
• rents and returns
• Withholding Law
• Holding Period
• Vein Stenosis
• Recurrent Pancreatic Cancer
• Pancreatic Neuroendocrine Tumors
• Management Paradigm
• GOODS
• PRICE
• DISTRIBUTION
• LAND MARKET
• TRANSPARENT MARKET
• COMPETITIVE MARKET
• Land valuation boards
• digital purchase price collection
• standard land prices
• valuation GIS
• land taxation
• location analysis
• geo risk areas
• Hedonic model
• Realty price
• HCMC main street
• Distance to city center
• Realty market
• Real estate pricing
• Real estate markets
• Hosing price
• Corporate innovation in China
• Corporate innovation
• Perspective of innovation