Local Public Expenditure, Public Service Accessibility, and Housing Price in Shanghai, China

Datos Bibliográficos

ID6404599
AutoresHuiping Li (0000-0002-6998-9828, Shanghai University of Finance and Economics, Shanghai, People’s Republic of China, autor de correspondencia), Qingfang Wang (0000-0002-7285-4027, University of California, Riverside, Riverside, CA, USA), Zhongwei Deng (0000-0002-5834-1583, Shanghai Lixin University of Accounting and Finance, Shanghai, People’s Republic of China), Wei Shi (0000-0002-3031-732X, Shanghai Lixin University of Accounting and Finance, Shanghai, People’s Republic of China), Hongwei Wang (0000-0001-7474-8271, Shanghai Lixin University of Accounting and Finance, Shanghai, People’s Republic of China)
Año2019
Volumen55
Número1
Páginas148-184
Fecha de publicación2019-01-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaUrban Affairs Review (JOURNAL)
Identificadores de la revistaISSN: 1078-0874 • E-ISSN: 1552-8332
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/1078087417702504
OpenAlexW2605640240
IdiomaEN
Citas recibidas14
Referencias citadas57

The level of public service accessibility differs by residential locations. Existing literature has documented the effects of public service accessibility on housing prices. However, few studies have examined how public service provision affects housing prices under the Chinese centralized governance system. Using data from different geographic scales, this study uses a multilevel research design to examine how public service provision is associated with housing prices in Shanghai. Results show that though the total expenditure at the urban district level is not related to housing prices, government redistributive expenditure is positively associated with housing price and the developmental expenditure is on the opposite. The expenditure effects are further mediated by the accessibility to public facilities at the community level. The findings suggest that, as public service accessibility has been capitalized into housing prices, the decentralized fiscal system with relatively centralized governance structure may have reinforced urban polarization in Shanghai

Business · China · Corporate governance · Economic growth · Economics · Geography · Government (linguistics · Local government · Political science · Public economics · Public expenditure · Public finance · Public service · Service (business · Fiscal Policy and Economic Growth · Housing Market and Economics · Local Government Finance and Decentralization · Public Administration · Finance · Marketing