Research on the Influence of Loans Supply on Real Estate Market Based on SVAR Model

被引：0

作者：

Hu Naipeng ^{[1
]}

机构：

[1] NE Agr Univ, Coll Econ & Management, Harbin 150030, Peoples R China

来源：

PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2 | 2009年

关键词：

real estate market; SVAR model; credit supply;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Since the reform of house monetarization in 1998 in China, Chinese real estate investment and real estate price have been increasing very fast by the end of 2008. In China real estate industry, a pillar industry and a capital intensive industry, has closed relation with the quota of real estate credit supply. By SVAR model this paper uses monthly data of 1999-2008 to test the influence of real estate credit on real estate market. The result shows: the response from real estate investment to credit impact is like parabola which appears to have a decline trend to 0 after an initial ascent; but the response from real estate sale price is a negative trend after an initial positive trend. It is suggested that in the overheating real estate market, tight monetary policy can have a substantial action on restrict real estate supply and demand in short term, but the efficacy of credit policy has asymmetry in supply and demand. So this paper suggests when the real estate market is full of speculation with a great pressure of real estate price soaring up, the center bank can use credit policy together with tax and land policies to control short-term real estate market.

引用

页码：1056 / 1058

页数：3

共 50 条

[41] Research on the Dynamics of Volatilities between Stock Market and Real Estate Market
Tong Guangrong
Deng Qizhong
Chen Rui
RECENT ADVANCE IN STATISTICS APPLICATION AND RELATED AREAS, VOLS I AND II, 2009, : 2247 - 2252
[42] The Influence of Speculative Capital to Chinese Real Estate Market
Qin Huanmei
PROCEEDINGS OF 2008 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2, 2008, : 922 - 926
[43] Research on Knowledge Transfer Model in R&D Team of Real Estate Enterprises Based on Knowledge Supply
Wu, J.
Jiang, M.
Shi, Q. F.
Zhang, Y. H.
CRIOCM2009: INTERNATIONAL SYMPOSIUM ON ADVANCEMENT OF CONSTRUCTION MANAGEMENT AND REAL ESTATE, VOLS 1-6, 2009, : 1121 - 1124
[44] The risk management research on the real estate market of wuhan city of China based on the E-VaR model
Huang, Hui
Yu, Shihai
International Journal of Digital Content Technology and its Applications, 2012, 6 (15) : 502 - 509
[45] Analysis on the Dilemma of Regulating China's Real Estate Market--Based on the Mixed Game Model of Five Parties Involving in the Real Estate Market
Ye Li
Zhang Xin-mei
2013 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING (ICMSE), 2013, : 2112 - 2117
[46] Research on the Real Estate Influence of Tax System
Ding, Xiaoxin
PROCEEDINGS OF 2010 INTERNATIONAL CONFERENCE ON CONSTRUCTION AND REAL ESTATE MANAGEMENT, VOLS 1-3, 2010, : 931 - 933
[47] Game theory in the study of housing supply in Chinese real estate market
Xuezhu, Cui
Xiaodong, Ll
PROCEEDINGS OF 2007 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2, 2007, : 1443 - 1445
[48] Policy suggestions and supply-demand analysis of real estate market
Li, YS
Han, WX
Yu, SJ
PROCEEDINGS OF THE 2001 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING, VOLS I AND II, 2001, : 2121 - 2124
[49] The soft computing based model of investors' condition and cognition on a real estate market
Renigier-Bilozor, Malgorzata
Chmielewska, Aneta
Kamasz, Ewelina
LAND USE POLICY, 2024, 141
[50] The analysis on investment value of real estate market based on discounted income model
Zheng Chunyan
Li Yanxi
Bi Zhenhua
PROCEEDINGS OF 2006 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE, 2006, : 1496 - 1500

← 1 2 3 4 5 →