The Dynamic Relationship between the Real Estate Stocks and Price in China New Normal

被引：0
|
作者：
Wang, Dagang [1 ]
Lai, Ming [1 ]
机构：
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing, Peoples R China
来源：
2016 INTERNATIONAL CONFERENCE ON LOGISTICS, INFORMATICS AND SERVICE SCIENCES (LISS' 2016) | 2016年
关键词：
real estate stocks; co-integration analysis; error correction model; variance decomposition;
D O I：
暂无
中图分类号：
T [工业技术];
学科分类号：
08 ;
摘要：
The central economic conference takes decreasing the real estate stocks as one of the five tasks this year. It's of great realistic and theoretical significance to find the mutual influence between the price of commercial house and the area for sale. This study uses PVAR model to explore the impact of real estate stocks on the real estate investment and house price in 31 provinces of China in 1998 to 2014. The result shows the real estate stocks are influenced by its own factors in a short time and by the house price in a long time. The house price is the dominant factors on its own change whether in a short or long time. The impact of the real estate stocks on housing price changes over time, but it's not the dominant factors.
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页数：4
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