On the Promotion Pressure,Financial Marketization and Real Estate Price Growth
研究中国34个大中城市数据发现，地方政府官员的晋升压力会推高房价，而金融发展与房价呈倒U型关系；地方政府控制权越强，晋升压力的正向影响越大，金融发展的负向影响也越大。
We study the impact of government officials' promotion pressure and financial development on the growth of real estate prices.Using the data from thirty -four large and medium - size cities in China,we find that the promotion pressures of local government officials have positive impact on the real estate price growth, while die relation between financial development and real estate price growth is inverse U - shaped.We also find that the more control power of local government,the larger positive impact of promotion pressure and the more negative impact of financial development on real estate price growth.