메뉴 건너뛰기




Volumn 66, Issue , 2017, Pages 72-80

School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China

Author keywords

Difference in difference method; Education capitalization; Housing price; School district effect; Spatial hedonic price model

Indexed keywords

ECONOMETRICS; EDUCATION; EDUCATION POLICY; HEDONIC ANALYSIS; INCOME; PRICE DYNAMICS; SPATIAL ANALYSIS; URBAN HOUSING;

EID: 85017546570     PISSN: 02642751     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.cities.2017.03.008     Document Type: Article
Times cited : (161)

References (53)
  • 1
    • 0037391342 scopus 로고    scopus 로고
    • Spatial externalities, spatial multipliers, and spatial econometrics
    • Anselin, L., Spatial externalities, spatial multipliers, and spatial econometrics. International Regional Science Review 26:2 (2002), 153–166.
    • (2002) International Regional Science Review , vol.26 , Issue.2 , pp. 153-166
    • Anselin, L.1
  • 2
    • 0005645043 scopus 로고    scopus 로고
    • Do better school matter? Parental value of elementary education
    • Black, S.E., Do better school matter? Parental value of elementary education. The Quarterly Journal of Economics 114:2 (1999), 577–599.
    • (1999) The Quarterly Journal of Economics , vol.114 , Issue.2 , pp. 577-599
    • Black, S.E.1
  • 3
    • 0003300289 scopus 로고    scopus 로고
    • How much more is a good school district worth?
    • Bogart, W.T., Cromwell, B.A., How much more is a good school district worth?. National Tax Journal L(2) (1997), 215–232.
    • (1997) National Tax Journal , vol.L2) , pp. 215-232
    • Bogart, W.T.1    Cromwell, B.A.2
  • 4
    • 0001100798 scopus 로고    scopus 로고
    • How much is a neighborhood school worth?
    • Bogart, W.T., Cromwell, B.A., How much is a neighborhood school worth?. Journal of Urban Economics 47:2 (2000), 280–305.
    • (2000) Journal of Urban Economics , vol.47 , Issue.2 , pp. 280-305
    • Bogart, W.T.1    Cromwell, B.A.2
  • 5
    • 0000110774 scopus 로고    scopus 로고
    • Which measures of school quality does the housing market value?
    • Brasington, D.M., Which measures of school quality does the housing market value?. Journal of Real Estate Research 18:3 (1999), 395–414.
    • (1999) Journal of Real Estate Research , vol.18 , Issue.3 , pp. 395-414
    • Brasington, D.M.1
  • 6
    • 33646074008 scopus 로고    scopus 로고
    • Educational outcomes and house values: A test of the value added approach
    • Brasington, D., Haurin, D.R., Educational outcomes and house values: A test of the value added approach. Journal of Regional Science 46:2 (2006), 245–268.
    • (2006) Journal of Regional Science , vol.46 , Issue.2 , pp. 245-268
    • Brasington, D.1    Haurin, D.R.2
  • 7
    • 85017544061 scopus 로고    scopus 로고
    • The influence of university on house pricing: a theoretical analysis of Zhejiang University
    • Chen, Y., The influence of university on house pricing: a theoretical analysis of Zhejiang University. Journal of Zhejiang Ocean University 27:3 (2010), 148–151.
    • (2010) Journal of Zhejiang Ocean University , vol.27 , Issue.3 , pp. 148-151
    • Chen, Y.1
  • 8
  • 9
    • 0033797190 scopus 로고    scopus 로고
    • The impact of public school attributes on home sale prices in California
    • Clark, D.E., Herrin, W.E., The impact of public school attributes on home sale prices in California. Growth & Change 31:3 (2000), 385–407.
    • (2000) Growth & Change , vol.31 , Issue.3 , pp. 385-407
    • Clark, D.E.1    Herrin, W.E.2
  • 10
    • 84904365751 scopus 로고    scopus 로고
    • School quality and property values: Re-examining the boundary approach
    • (Working Papers)
    • Dhar, P., Ross, S.L., School quality and property values: Re-examining the boundary approach. 2010 (Working Papers).
    • (2010)
    • Dhar, P.1    Ross, S.L.2
  • 11
    • 0036053391 scopus 로고    scopus 로고
    • The impact of school characteristics on house prices: Chicago 1987–1991
    • Downes, T.A., Zabel, J.E., The impact of school characteristics on house prices: Chicago 1987–1991. Journal of Urban Economics 52:1 (1997), 1–25.
    • (1997) Journal of Urban Economics , vol.52 , Issue.1 , pp. 1-25
    • Downes, T.A.1    Zabel, J.E.2
  • 12
    • 0000281213 scopus 로고    scopus 로고
    • Spatial autocorrelation: A primer
    • Dubin, R.A., Spatial autocorrelation: A primer. Journal of Housing Economics 7:4 (1998), 304–327.
    • (1998) Journal of Housing Economics , vol.7 , Issue.4 , pp. 304-327
    • Dubin, R.A.1
  • 13
    • 74049134934 scopus 로고    scopus 로고
    • When do better schools raise housing prices? Evidence from Paris public and private schools
    • Fack, G., Grenet, J., When do better schools raise housing prices? Evidence from Paris public and private schools. Journal of Public Economics 94:1 (2010), 59–77.
    • (2010) Journal of Public Economics , vol.94 , Issue.1 , pp. 59-77
    • Fack, G.1    Grenet, J.2
  • 14
    • 84887078638 scopus 로고    scopus 로고
    • School quality and housing prices: Empirical evidence from a natural experiment in Shanghai, China
    • Feng, H., Lu, M., School quality and housing prices: Empirical evidence from a natural experiment in Shanghai, China. Journal of Housing Economics 22:4 (2013), 291–307.
    • (2013) Journal of Housing Economics , vol.22 , Issue.4 , pp. 291-307
    • Feng, H.1    Lu, M.2
  • 15
    • 4043074220 scopus 로고    scopus 로고
    • What's in a grade? School report cards and house prices
    • Figlio, D.N., Lucas, M.E., What's in a grade? School report cards and house prices. Nber Working Papers 94:3 (2000), 591–604.
    • (2000) Nber Working Papers , vol.94 , Issue.3 , pp. 591-604
    • Figlio, D.N.1    Lucas, M.E.2
  • 16
    • 4043074220 scopus 로고    scopus 로고
    • What's in a grade? School report cards and the housing market
    • Figlio, D.N., Lucas, M.E., What's in a grade? School report cards and the housing market. American Economic Review 94:3 (2004), 591–604.
    • (2004) American Economic Review , vol.94 , Issue.3 , pp. 591-604
    • Figlio, D.N.1    Lucas, M.E.2
  • 17
    • 33751103128 scopus 로고    scopus 로고
    • A cross-sectional analysis of residential property prices: The effects of income, commuting, schooling, the housing stock and spatial interaction in the English regions
    • Fingleton, B., A cross-sectional analysis of residential property prices: The effects of income, commuting, schooling, the housing stock and spatial interaction in the English regions. Papers in Regional Science 85:3 (2006), 339–361.
    • (2006) Papers in Regional Science , vol.85 , Issue.3 , pp. 339-361
    • Fingleton, B.1
  • 18
    • 0038325769 scopus 로고    scopus 로고
    • Valuing English primary schools
    • Gibbons, S., Machin, S., Valuing English primary schools. Journal of Urban Economics 53:2 (2003), 197–219.
    • (2003) Journal of Urban Economics , vol.53 , Issue.2 , pp. 197-219
    • Gibbons, S.1    Machin, S.2
  • 19
    • 33644752811 scopus 로고    scopus 로고
    • Paying for primary schools: admission constraints, school popularity or congestion?
    • Gibbons, S., Machin, S., Paying for primary schools: admission constraints, school popularity or congestion?. Economic Journal 116:510 (2006), 77–92.
    • (2006) Economic Journal , vol.116 , Issue.510 , pp. 77-92
    • Gibbons, S.1    Machin, S.2
  • 20
    • 79952161844 scopus 로고    scopus 로고
    • Valuing school quality using boundary discontinuities
    • Working paper Spatial Economics Research Centre
    • Gibbons, S., Machin, S., Silva, O., Valuing school quality using boundary discontinuities. 2009, Working paper, Spatial Economics Research Centre.
    • (2009)
    • Gibbons, S.1    Machin, S.2    Silva, O.3
  • 21
    • 0007751301 scopus 로고    scopus 로고
    • Neighborhood school characteristics: what signals quality to homebuyers?
    • Hayes, K.J., Taylor, L.L., Neighborhood school characteristics: what signals quality to homebuyers?. Economic Review 4 (1996), 2–9.
    • (1996) Economic Review , vol.4 , pp. 2-9
    • Hayes, K.J.1    Taylor, L.L.2
  • 22
    • 84938069093 scopus 로고    scopus 로고
    • Capitalization of secondary school education into property values: A case study in Hong Kong
    • Jayantha, M.W., Lam, S.O., Capitalization of secondary school education into property values: A case study in Hong Kong. Habitat International 50 (2015), 12–22.
    • (2015) Habitat International , vol.50 , pp. 12-22
    • Jayantha, M.W.1    Lam, S.O.2
  • 24
    • 0001517029 scopus 로고
    • A new approach to consumer theory
    • Lancaster, K.J., A new approach to consumer theory. Journal of Political Economy 74 (1966), 132–157.
    • (1966) Journal of Political Economy , vol.74 , pp. 132-157
    • Lancaster, K.J.1
  • 25
    • 85045659213 scopus 로고    scopus 로고
    • Introduction to spatial econometrics
    • CRCPress
    • LeSage, J.P., Pace, R.K., Introduction to spatial econometrics. 2009, CRCPress.
    • (2009)
    • LeSage, J.P.1    Pace, R.K.2
  • 26
    • 84861109376 scopus 로고    scopus 로고
    • Investigation of the capitalization of government infrastructure investment on housing market: A hedonic price model based on Guangzhou housing market
    • Li, X., Fu, W.Y., Investigation of the capitalization of government infrastructure investment on housing market: A hedonic price model based on Guangzhou housing market. Geographical Research 29:7 (2010), 1269–1280.
    • (2010) Geographical Research , vol.29 , Issue.7 , pp. 1269-1280
    • Li, X.1    Fu, W.Y.2
  • 27
    • 85017566456 scopus 로고    scopus 로고
    • Reflections on the industrialization of education: The theory and policy of the effective use of educational resources
    • Lu, M., Jiang, S.Q., Reflections on the industrialization of education: The theory and policy of the effective use of educational resources. Journal of World Economy 30:5 (2007), 44–51.
    • (2007) Journal of World Economy , vol.30 , Issue.5 , pp. 44-51
    • Lu, M.1    Jiang, S.Q.2
  • 28
    • 81955162962 scopus 로고    scopus 로고
    • Houses and schools: Valuation of school quality through the housing market
    • Machin, S., Houses and schools: Valuation of school quality through the housing market. Labour Economics 18 (2011), 723–729.
    • (2011) Labour Economics , vol.18 , pp. 723-729
    • Machin, S.1
  • 30
    • 79953049790 scopus 로고    scopus 로고
    • The capitalization of school quality into house values: A review
    • Nguyen-Hoang, P., Yinger, J., The capitalization of school quality into house values: A review. Journal of Housing Economics 20:1 (2011), 30–48.
    • (2011) Journal of Housing Economics , vol.20 , Issue.1 , pp. 30-48
    • Nguyen-Hoang, P.1    Yinger, J.2
  • 31
    • 0000310156 scopus 로고
    • The effect of property taxes and local public spending on property values: An empirical study of tax capitalization and the Tiebout hypothesis
    • Oates, W.E., The effect of property taxes and local public spending on property values: An empirical study of tax capitalization and the Tiebout hypothesis. Journal of Political Economy 77:6 (1969), 957–971.
    • (1969) Journal of Political Economy , vol.77 , Issue.6 , pp. 957-971
    • Oates, W.E.1
  • 32
    • 78649399581 scopus 로고    scopus 로고
    • An application of spatial econometrics in relation to hedonic house price modelling
    • Osland, L., An application of spatial econometrics in relation to hedonic house price modelling. Journal of Real Estate Research 32:3 (2010), 289–320.
    • (2010) Journal of Real Estate Research , vol.32 , Issue.3 , pp. 289-320
    • Osland, L.1
  • 33
    • 79953056435 scopus 로고    scopus 로고
    • Does close count? School proximity, school quality, and residential property values
    • Owusu-Edusei, K.J., Does close count? School proximity, school quality, and residential property values. Journal of Agricultural and Applied Economics 39:01 (2007), 211–221.
    • (2007) Journal of Agricultural and Applied Economics , vol.39 , Issue.1 , pp. 211-221
    • Owusu-Edusei, K.J.1
  • 35
    • 0000512012 scopus 로고
    • The interpretation of dummy variables in semilogarithmic equations
    • Robert, H., Palmquist, R., The interpretation of dummy variables in semilogarithmic equations. American Economic Review 70:3 (1980), 474–475.
    • (1980) American Economic Review , vol.70 , Issue.3 , pp. 474-475
    • Robert, H.1    Palmquist, R.2
  • 36
    • 0001791734 scopus 로고
    • Hedonic prices and implicit prices: Product differentiation in pure competition
    • Rosen, S., Hedonic prices and implicit prices: Product differentiation in pure competition. Journal of Political Economy 82 (1974), 34–55.
    • (1974) Journal of Political Economy , vol.82 , pp. 34-55
    • Rosen, S.1
  • 37
    • 0000339012 scopus 로고
    • A note on local tax rates, public benefit levels, and property values
    • Rosen, H.S., Fullerton, D.J., A note on local tax rates, public benefit levels, and property values. Journal of Political Economy 85:2 (1977), 433–440.
    • (1977) Journal of Political Economy , vol.85 , Issue.2 , pp. 433-440
    • Rosen, H.S.1    Fullerton, D.J.2
  • 39
    • 70350092508 scopus 로고    scopus 로고
    • Sorting and voting: A review of the literature on urban public finance
    • Ross, S., Yinger, J., Sorting and voting: A review of the literature on urban public finance. Handbook of Regional & Urban Economics 3 (1999), 2001–2060.
    • (1999) Handbook of Regional & Urban Economics , vol.3 , pp. 2001-2060
    • Ross, S.1    Yinger, J.2
  • 40
    • 44449085445 scopus 로고    scopus 로고
    • The effect of educational test scores on house prices in a model with spatial dependence
    • Sedgley, N.H., Williams, N.A., Derrick, F.W., The effect of educational test scores on house prices in a model with spatial dependence. Journal of Housing Economics 17:2 (2008), 191–200.
    • (2008) Journal of Housing Economics , vol.17 , Issue.2 , pp. 191-200
    • Sedgley, N.H.1    Williams, N.A.2    Derrick, F.W.3
  • 41
    • 84891364944 scopus 로고    scopus 로고
    • Temporal-spatial impacts of large green space on housing price: A case study of Huang Xing Park in Shanghai
    • Shi, Y.S., Guo, H.N., Temporal-spatial impacts of large green space on housing price: A case study of Huang Xing Park in Shanghai. Geographical Research 29:3 (2010), 510–520.
    • (2010) Geographical Research , vol.29 , Issue.3 , pp. 510-520
    • Shi, Y.S.1    Guo, H.N.2
  • 42
    • 65749110338 scopus 로고    scopus 로고
    • Temporal-spatial impacts of the Shanghai South railway station on housing price
    • Shi, Y.S., Zhang, L., Temporal-spatial impacts of the Shanghai South railway station on housing price. Acta Geographica Sinica 64:2 (2009), 167–176.
    • (2009) Acta Geographica Sinica , vol.64 , Issue.2 , pp. 167-176
    • Shi, Y.S.1    Zhang, L.2
  • 43
    • 0000778367 scopus 로고
    • A pure theory of local expenditures
    • Tiebout, C.M., A pure theory of local expenditures. Journal of Political Economy 64:5 (1956), 416–424.
    • (1956) Journal of Political Economy , vol.64 , Issue.5 , pp. 416-424
    • Tiebout, C.M.1
  • 44
    • 84916877595 scopus 로고    scopus 로고
    • Polycentric urban structure and housing price in the transitional China: Evidence from Hangzhou
    • Wen, H., Tao, Y., Polycentric urban structure and housing price in the transitional China: Evidence from Hangzhou. Habitat International 46 (2015), 138–146.
    • (2015) Habitat International , vol.46 , pp. 138-146
    • Wen, H.1    Tao, Y.2
  • 45
    • 80054838797 scopus 로고    scopus 로고
    • Empirical study of spatial effect of housing price based on the spatial econometric model: A case study of Hangzhou
    • Wen, H.Z., Zhang, Z.L., Zhang, L., Empirical study of spatial effect of housing price based on the spatial econometric model: A case study of Hangzhou. Systems Engineering - Theory & Practice 31:9 (2011), 1661–1667.
    • (2011) Systems Engineering - Theory & Practice , vol.31 , Issue.9 , pp. 1661-1667
    • Wen, H.Z.1    Zhang, Z.L.2    Zhang, L.3
  • 46
    • 84990954838 scopus 로고    scopus 로고
    • The impact of educational facilities on housing price: An empirical analysis from the perspective of the capitalization for public goods
    • Wen, H.Z., Yang, S., Qin, Z.F., The impact of educational facilities on housing price: An empirical analysis from the perspective of the capitalization for public goods. China Land Sciences 2013:1 (2013), 34–40.
    • (2013) China Land Sciences , vol.2013 , Issue.1 , pp. 34-40
    • Wen, H.Z.1    Yang, S.2    Qin, Z.F.3
  • 47
    • 84891366425 scopus 로고    scopus 로고
    • Do educational facilities affect housing price? An empirical study in Hangzhou, China
    • Wen, H., Zhang, Y., Zhang, L., Do educational facilities affect housing price? An empirical study in Hangzhou, China. Habitat International 42 (2014), 155–163.
    • (2014) Habitat International , vol.42 , pp. 155-163
    • Wen, H.1    Zhang, Y.2    Zhang, L.3
  • 48
    • 84951825482 scopus 로고    scopus 로고
    • Assessing amenity effects of urban landscapes on housing price in Hangzhou, China
    • Wen, H.Z., Zhang, Y., Zhang, L., Assessing amenity effects of urban landscapes on housing price in Hangzhou, China. Urban Forestry & Urban Greening 14:4 (2015), 1017–1026.
    • (2015) Urban Forestry & Urban Greening , vol.14 , Issue.4 , pp. 1017-1026
    • Wen, H.Z.1    Zhang, Y.2    Zhang, L.3
  • 49
    • 0000142650 scopus 로고
    • Capitalization and the theory of local public finance
    • Yinger, J., Capitalization and the theory of local public finance. Journal of Political Economy 90:5 (1982), 917–943.
    • (1982) Journal of Political Economy , vol.90 , Issue.5 , pp. 917-943
    • Yinger, J.1
  • 52
    • 38949166802 scopus 로고    scopus 로고
    • Land and residential property markets in a booming economy: New evidence from Beijing
    • Zheng, S., Kahn, M.E., Land and residential property markets in a booming economy: New evidence from Beijing. SSRN Electronic Journal 63:2 (2008), 743–757.
    • (2008) SSRN Electronic Journal , vol.63 , Issue.2 , pp. 743-757
    • Zheng, S.1    Kahn, M.E.2
  • 53
    • 27744582557 scopus 로고    scopus 로고
    • The impacts of subway construction on the housing price in Shenzhen
    • Zheng, J.F., Liu, H.Y., The impacts of subway construction on the housing price in Shenzhen. Journal of the China Railway Society 27:5 (2005), 11–18.
    • (2005) Journal of the China Railway Society , vol.27 , Issue.5 , pp. 11-18
    • Zheng, J.F.1    Liu, H.Y.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.