Hongyan Chen, Linchuan Yang, Huaxiong Jiang, Jinping Song
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引用次数: 0
Abstract
The input–output efficiency of China’s Housing Provident Fund (HPF) program has received increasing academic attention in recent years. However, few studies have been conducted to examine its temporal-spatial variations and influencing factors. To fill the gaps, this study first used a DEA model to measure the input–output efficiency of HPF of 287 Chinese cities from 2015 to 2020, and then employed the Tobit regression model to determine the main influencing factors. Results indicate: (1) China's HPF input–output efficiency grew consistently from 2015 to 2020, remaining relatively high even during the Covid-19 outbreak. (2) HPF's efficiency displays notable spatial variation, with values higher in the eastern region and large cities compared to the western/central areas and medium/small cities. (3) Macroeconomic factors, housing market conditions, and HPF management elements significantly influence HPF efficiency, yet specific impacts vary; some factors (e.g., housing prices, capital investment intensity, fund utilization level) are positive, while others (housing price-to-income ratios, commercial housing loan interest rates, number of contributing employees) are negative. This study enhances understanding of HPF efficiency over time and space in China, offering insights for policy reform and system enhancement.
期刊介绍：
The Journal of Housing and the Built Environment is a scholarly journal presenting the results of scientific research and new developments in policy and practice to a diverse readership of specialists, practitioners and policy-makers. This refereed journal covers the fields of housing, spatial planning, building and urban development. The journal guarantees high scientific quality by a double blind review procedure. Next to that, the editorial board discusses each article as well. Leading scholars in the field of housing, spatial planning and urban development publish regularly in Journal of Housing and the Built Environment. The journal publishes articles from scientists all over the world, both Western and non-Western, providing a truly international platform for developments in both theory and practice in the fields of housing, spatial planning, building and urban development.
Journal of Housing and the Built Environment (HBE) has a wide scope and includes all topics dealing with people-environment relations. Topics concern social relations within the built environment as well as the physicals component of the built environment. As such the journal brings together social science and engineering. HBE is of interest for scientists like housing researchers, social geographers, (urban) planners and architects. Furthermore it presents a forum for practitioners to present their experiences in new developments on policy and practice. Because of its unique structure of research articles and policy and practice contributions, HBE provides a forum where science and practice can be confronted. Finally, each volume of HBE contains one special issue, in which recent developments on one particular topic are discussed in depth.
The aim of Journal of Housing and the Built Environment is to give international exposure to recent research and policy and practice developments on the built environment and thereby open up a forum wherein re searchers can exchange ideas and develop contacts. In this way HBE seeks to enhance the quality of research in the field and disseminate the results to a wider audience. Its scope is intended to interest scientists as well as policy-makers, both in government and in organizations dealing with housing and urban issues.
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