The Impact of Green Building Labels on the Price of Housing: Evidence from China

doi:10.3868/s060-007-018-0029-3

CORC > 上海财经大学 > 上海财经大学

	The Impact of Green Building Labels on the Price of Housing: Evidence from China
	Fang, Fang 1; Li, Xuesong 2; Chen, Ximing 3; Zhou, Yahong 2
刊名	FRONTIERS OF ECONOMICS IN CHINA
	2018-12
卷号	13 期号:4 页码:635-654
关键词	Green Building Evaluation Label (GBEL) hedonic model treatment effect matching model house price
ISSN号	1673-3444
DOI	10.3868/s060-007-018-0029-3
英文摘要	This paper focuses on the willingness to pay for green housing in China. First, we introduce green building related labels in China and briefly discuss the consumers' incentives to buy this kind of building. Second, with the available transaction data in Shanghai, a hedonic regression model is applied to investigate whether or not a price premium in the residential market exists. Furthermore, we use the nonparametric matching model under a treatment framework to see the robustness of our results. The empirical result shows there exists a significant price premium in China. However, the premium does not increase with quality certification tiers. That may imply that homebuyers in China are not sensitive to the differences among green buildings although they are willing to pay a higher price for this newly emerging energy-saving building. And we also give the explanation why this has happened.
WOS研究方向	Business & Economics
语种	英语
出版者	HIGHER EDUCATION PRESS
WOS记录号	WOS:000458955700005
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/435]
专题	上海财经大学
通讯作者	Zhou, Yahong
作者单位	1.Shanghai Univ Finance & Econ, Sch Publ Econ & Adm, Shanghai 200433, Peoples R China; 2.Shanghai Univ Finance & Econ, Sch Econ, Shanghai 200433, Peoples R China; 3.Shanghai Univ Finance & Econ, Sch Finance, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	Fang, Fang,Li, Xuesong,Chen, Ximing,et al. The Impact of Green Building Labels on the Price of Housing: Evidence from China[J]. FRONTIERS OF ECONOMICS IN CHINA,2018,13(4):635-654.
APA	Fang, Fang,Li, Xuesong,Chen, Ximing,&Zhou, Yahong.(2018).The Impact of Green Building Labels on the Price of Housing: Evidence from China.FRONTIERS OF ECONOMICS IN CHINA,13(4),635-654.
MLA	Fang, Fang,et al."The Impact of Green Building Labels on the Price of Housing: Evidence from China".FRONTIERS OF ECONOMICS IN CHINA 13.4(2018):635-654.