Analysis on Demand Price of Housing Industry and its Bubble Test
Author(s): WANG Shi-fei, FAN Wang-bang
Pages: 20-24+165
Year: 2014 Issue: 6
Journal: Productivity Research
Keyword: 房地产; 需求价格模型; 右尾ADF检验;
Abstract: In recent years China’s housing price keeps going up and Chinese government has adopted some measures to control it, but the result is not satisfying. The current situation is that the housing price goes up among goverment’s effort to control it. Based on view of demand and housing price, the paper has a deep analysis on relation between demand and housing price. The analysis shows that overdemand and low financial threshold lead to high price of housing. After having a test on bubble in housing market, the paper puts forward some measures to promote sound development of housing industry in China.
Pages: 20-24+165
Year: 2014 Issue: 6
Journal: Productivity Research
Keyword: 房地产; 需求价格模型; 右尾ADF检验;
Abstract: In recent years China’s housing price keeps going up and Chinese government has adopted some measures to control it, but the result is not satisfying. The current situation is that the housing price goes up among goverment’s effort to control it. Based on view of demand and housing price, the paper has a deep analysis on relation between demand and housing price. The analysis shows that overdemand and low financial threshold lead to high price of housing. After having a test on bubble in housing market, the paper puts forward some measures to promote sound development of housing industry in China.
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