Study On Transmission Mechanism Of Land Expropriation Cost To Urban Housing Price In Shenzhen City

The land price of urban is soaring with the process of urbanization. The gap between land expropriation price and land price appends day by day, thus the conflicts triggered by land expropriation contradictions become more and more serious. Improving farmers’ compensation standard by a large margin calls for more and more high. At the 18 th National Congress of the Communist Party,the report clearly put forward: “it is needed to reform land expropriation system, improve the distribution proportion of l farmers in land value-added income.” It is unclear that improving land expropriation costs by a large margin impecting on urban land price and house price. The dissertation puts land expropriation price into the system of price transmission system, discusses transmission mechanism of land expropriation cost to the urban land remising price, and land remising price to the housing price.Eventually The dissertation reveals transmission mechanism of land expropriation cost to the urban land price, the interaction mechanism between land cost and land price. The dissertation provides scientific basis and theoretical support for reforming land expropriation system of government departments, innovating management of urban land market price and controlling the urban land price.To study transmission mechanism of higher land expropriation cost to the urban land remising price, by establishing the transmission model between land expropriation price and land remising price, local mean decomposition method are adopted to calculate the transmissing degree of land expropriation price to land remising price, get the transmission threshold ranges, the dissertation makes a conclusion that although there are transmission effecting between the two land markets, the transmission effecting is less than 3%.On the basis of the transmission model, the dissertation sets up three kinds of scenario to simulate when a price increase, the change of land remising price will be. Raise a land expropriation price will cause land remising price increase; the proportion of land expropriation price increase significantly higher than the proportion of land remising price increase; with the increase of land expropriation price, land remising prices are also increased, but the increase degree is reduced. There is "Kuznets Curve" transmission effecting through analysis transmission mechanism of land expropriation price.By establishing the transmission model between residential land prices and housing price in Shenzhen city, the dissertation makes a conclusion that there are long-term co-integration relationship between residential land price and housing price. The changes of housing price to residential land price are bigger than changes of residential land price to the changes of housing price.The residential land price and housing price of Shenzhen city exists convergence in space, which is the price convergence phenomenon. Research on interactive relationship between residential land price and housing price, the study finds Futian district is origin of land price and housing price in the whole Shenzhen city. In the transmission process of residential price, if we give a price disturbance to Futian district, firstly it will affect Luohu district’s price change, then is Futian district itself, then is Nanshan district, last is Yantian district. However, in the transmission of housing price, if we give a price disturbance to Futian district, first will lead to the change of price itself, and then is Luohu district, then is Nanshan district, last is Yantian district.Build a model to quantize the space conducting degree between residential land price and housing price. The study founds that each region residential land remising price and house price changes, will affect other districts in different degrees the price fluctuations. Through the sample we can confirm that the residential land prices have an impact on the surrounding buildings, which is a lagging effect, and different buildings’ hysteresis time is different. In the same land, the relationship between hysteresis time of different buildings in the same land and the remising distance is not obvious, for if it is nearer to the center of the city, the price change is more sensitive; when the land remising price has an effect to the housing price, its influence is smaller and smaller as time going by, until finally disappears.As to the influence of urban land expropriation price to transmission mechanism of urban land price, few scholars will link them to study their price transmission mechanism. The study has exploring significance in some sense.