主 题：The Effect of Infrastructure Spending on the Property Sector
主讲人：邓筱莹（武汉大学经济与管理学院，助理教授）
主持人：吴宇哲教授（浙江大学公共管理学院土地管理系主任）
时 间：2016年12月20日（周二）14:30
地 点：紫金港校区蒙民伟楼357室
报告内容简介：
The increasing spending on the public infrastructure raises the question: how will the property sector benefit from the massive infrastructure constructions? This paper uses panel data in major Indian cities spanning seven years from 2008 to 2014 to ascertain the impact of infrastructure attributes on the property values. Macro economy fixed effects are included to control for city level unobservables. The empirical evidence produces significant evidence of the infrastructure spending on the property sector. The study finds that increases in percent of public infrastructure spending have a positive effect on the cap rate in India, but a negative impact on the rental market in the short term. Finally, the effect of changes in the public infrastructure is examined over the different construction period so as to focus on the long-run effect, which is more likely to be capitalized into cap rate in the long run.
主讲人简介：
邓筱莹，现为武汉大学经济与管理学院金融系助理教授，新加坡国立大学地产金融学博士，主要研究领域为房地产金融、公司金融与房地产经济。
浙江大学公共管理学院土地管理系
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