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文章基于1999-2008年的省际面板数据采用系统广义矩(sys-GMM)的计量方法对我国房地产市场的“巴拉萨—萨缪尔森”效应进行了深入的实证检验。研究结果表明:在控制了房地产供求等因素后,经济开放度每提高1%,我国房地产价格将上涨0.063%,经济开放度对房地产价格上涨的平均贡献程度为4.54%,且有逐年增大的趋势;不同细分类型的房地产市场也存在“巴拉萨—萨缪尔森”效应,其中高档公寓最大,商业用房最小;此外,我国高房价区的“巴拉萨—萨缪尔森”效应大大高于低房价区。
Based on the provincial panel data from 1999 to 2008, the article uses sys-GMM to measure the “Balassa-Samuelson” effect of real estate market in China. The result shows that for every 1% increase in economic openness after controlling for supply and demand of real estate, the real estate price in our country will increase by 0.063% and the average economic contribution to real estate price rise by economic openness is 4.54% Trend; different sub-types of real estate market also exists “Balassa - Samuelson ” effect, of which the highest-grade apartment, commercial space is the smallest; In addition, China’s high housing prices “Balassa - Samuelson ”Effect is much higher than the low price area.