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Author: LI Wei

The main purpose of this paper is to identify and measure the potential effect of property tax on speculative bubble in residential property market in China where the issue on the introduction of property tax is still fiercely debated. As a primary and necessary step, we firstly provide an empirical analysis on housing price dynamics of Tianjin. Moreover, this paper proposes a method to identify and measure the potential effect of property tax on speculative bubble in housing market. To capture the actual influence of property tax, we divide the effect into short-term one and long-term one and measure them respectively based on the information provided by estimation result of housing price structure.

In: Frontiers of Economics in China
In: Exiled Pilgrims
Author: Wei Li

Abstract

This paper provides a study of the social recognition of the general public about the core value standards for a “good society” on the basis of the data from Chinese General Social Survey (CSS 2013). It has found that there was a foundation for social consensus of the general public about core social values, but there existed differences and diverse opinions between the government and the people, and even among different social groups. Core value concepts can be divided into consensus type, elite type, and underclass type, marking the value preferences of different groups. Advocating core values may generate social cohesion for the modernization of national and social governance and lead to political pressure.

In: Chinese Research Perspectives on Society, Volume 4
In: China and the World