城市房价为何不同:公共服务对房价的影响.

This paper studies the impact of urban basic public service differences on the housing market. We focus on the role of urban basic public service in the housing market and the underlining mechanism. We employ the public service data of 29 large and medium-sized cities in China from 2006 to 2014 and use the entropy method to calculate the basic public service index of different cities in each year. By employing panel regression models, we investigate the impact of urban basic public services on housing prices. We find that the impact of medical resources on housing market is very significant. This is especially true for first-tier cities. The concentration of medical resources is an important factor that drives up the housing prices in first-tier cities. The policy implications of this study are that rationally coordinating resources such as medical care and education, and promoting the equalization of regional basic public services will help promote the healthy development of housing market in China and help build a long-term regulation mechanism for the housing market. At the same time, coordinating urban public services and formulating housing control policies should be tailored to local conditions and urban policies. [ABSTRACT FROM AUTHOR]