关键词: 空间依赖, 城市基础设施, 地方政府行为, 房价

Abstract: Based on the panel data of 35 large and medium-sized cities in China from 2005 to 2015, this paper studies the relationship between housing price and land price, the mechanism of local government behavior on housing price and land price, and the inter-city interaction, by constructing the model of spatial panel simultaneous equation. It is shown that the housing prices of neighboring cities mutually imitate and jointly promote land prices, the impact of housing prices on land prices presents the characteristics of "imitation and promotion"; the cities by widening the local land prices as much as possible to widen the gap with the adjacent urban land prices, and then raise the housing price to achieve “make money”. In addition, the paper shows that local governments by the "price channel" and "policy channel" can effectively control housing prices, and the former is “infectious”; "quantitative channel” and "structure channel" as the effective means for local government to control land prices, can generate the strong spillover effect.

Key words: Space Dependence, Urban Infrastructure, Local Government Behavior, Housing Price