Title page for etd-0604116-142432


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URN etd-0604116-142432
Author Chung-Ling Yu
Author's Email Address No Public.
Statistics This thesis had been viewed 5537 times. Download 362 times.
Department Economics
Year 2015
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title Taxation and Housing Price Dynamics
Date of Defense 2016-06-27
Page Count 52
Keyword
  • unanticipated
  • transaction tax
  • anticipated
  • policy announcement
  • dynamic adjustment
  • Abstract This thesis extends the housing market model pioneered by Pertoba (1984) from a partial equilibrium analysis to a general equilibrium analysis. The main focus of this thesis is to analyze how the anticipated and unanticipated policies of transaction taxation and income tax taxation govern the transitional dynamics of housing prices and the housing stock. 
     Two main findings emerge from the analysis. First, a rise in the transaction tax rate leads to a reduction in housing prices and the housing stock regardless of whether the increased transaction tax rate is beneficial or harmful to the return on housing holdings. Second, in response to a rise in the income tax rate, the steady-state housing prices and the housing stock go up if increased income tax rate has a positive effect on the return on housing holdings. By contrast, both steady-state housing prices and the housing stock go down if increased income tax rate has a negative effect on the return on housing holdings.
    Advisory Committee
  • Shih-Wen Hu - chair
  • Shul-John Li - co-chair
  • Ching-Chong Lai - advisor
  • Files
  • etd-0604116-142432.pdf
  • Indicate in-campus at 0 year and off-campus access at 1 year.
    Date of Submission 2016-07-04

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