CAJ | 학술논문

本文运用1998—2012年全国30个省市区的住房市场数据，从优化公共产品供给结构视角，借鉴Hedonic模型分析公共服务供给对住房价值的影响程度，为检验公共产品资本化理论在中国的适用性提供相关证据。实证研究表明，在控制其他变量条件下，教育、医疗、社保类公共服务供给负向影响住房价值。这与传统的公共产品资本化理论不一致，可能因为财政支出结构失衡背景下，地方政府选择性供给公共产品，与居民多样性的公共品需求偏好出现了矛盾。最后，建议政府在重视公共产品供给规模的同时，更应重视公共品内在结构优化，实现住房财富的保值和增值，确保社会的稳定和谐。
본문운용1998—2012년전국30개성시구적주방시장수거，종우화공공산품공급결구시각，차감Hedonic모형분석공공복무공급대주방개치적영향정도，위검험공공산품자본화이론재중국적괄용성제공상관증거。실증연구표명，재공제기타변량조건하，교육、의료、사보류공공복무공급부향영향주방개치。저여전통적공공산품자본화이론불일치，가능인위재정지출결구실형배경하，지방정부선택성공급공공산품，여거민다양성적공공품수구편호출현료모순。최후，건의정부재중시공공산품공급규모적동시，경응중시공공품내재결구우화，실현주방재부적보치화증치，학보사회적은정화해。
Aln order to provide relevant evidence for the applicability of the capitalization about the public goods theory in China , this paper uses the housing market data from 1998 to 2012 in 30 provinces to analyze the impact of the supply of pub- lic services on housing values with Hedonic model from the perspective of optimizing the structure of public goods supply. Em- pirical studies show that the supply of pulic services like education, health, social security has a negative effect on the housing value when other variables remain the same. This is not consistent with the traditional theory of public goods capitalization, probably because of the selective supply of public products by the local government, which is contradictory with the diversified public preference for public goods. Finally, this paper suggests that the government should pay more attention to optimizing the structure of public goods while emphasizing the scale of public goods supply, so as to realize the maintanence and appreciation of the housing wealth and ensure social stability and harmony.