The Impact of Green Building Labels on the Price of Housing: Evidence from China | |
Fang, Fang1; Li, Xuesong2; Chen, Ximing3; Zhou, Yahong2 | |
刊名 | FRONTIERS OF ECONOMICS IN CHINA |
2018-12 | |
卷号 | 13期号:4页码:635-654 |
关键词 | Green Building Evaluation Label (GBEL) hedonic model treatment effect matching model house price |
ISSN号 | 1673-3444 |
DOI | 10.3868/s060-007-018-0029-3 |
英文摘要 | This paper focuses on the willingness to pay for green housing in China. First, we introduce green building related labels in China and briefly discuss the consumers' incentives to buy this kind of building. Second, with the available transaction data in Shanghai, a hedonic regression model is applied to investigate whether or not a price premium in the residential market exists. Furthermore, we use the nonparametric matching model under a treatment framework to see the robustness of our results. The empirical result shows there exists a significant price premium in China. However, the premium does not increase with quality certification tiers. That may imply that homebuyers in China are not sensitive to the differences among green buildings although they are willing to pay a higher price for this newly emerging energy-saving building. And we also give the explanation why this has happened. |
WOS研究方向 | Business & Economics |
语种 | 英语 |
出版者 | HIGHER EDUCATION PRESS |
WOS记录号 | WOS:000458955700005 |
内容类型 | 期刊论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/435] |
专题 | 上海财经大学 |
通讯作者 | Zhou, Yahong |
作者单位 | 1.Shanghai Univ Finance & Econ, Sch Publ Econ & Adm, Shanghai 200433, Peoples R China; 2.Shanghai Univ Finance & Econ, Sch Econ, Shanghai 200433, Peoples R China; 3.Shanghai Univ Finance & Econ, Sch Finance, Shanghai 200433, Peoples R China |
推荐引用方式 GB/T 7714 | Fang, Fang,Li, Xuesong,Chen, Ximing,et al. The Impact of Green Building Labels on the Price of Housing: Evidence from China[J]. FRONTIERS OF ECONOMICS IN CHINA,2018,13(4):635-654. |
APA | Fang, Fang,Li, Xuesong,Chen, Ximing,&Zhou, Yahong.(2018).The Impact of Green Building Labels on the Price of Housing: Evidence from China.FRONTIERS OF ECONOMICS IN CHINA,13(4),635-654. |
MLA | Fang, Fang,et al."The Impact of Green Building Labels on the Price of Housing: Evidence from China".FRONTIERS OF ECONOMICS IN CHINA 13.4(2018):635-654. |
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