Study on the Relationship between Housing Price and Urban Residents Income in China

摘要：

This paper uses the co-integration technology, ECM, impulse response function, variance decomposition to analyze the long-run equilibrium relationship between housing price and urban residents’ income. The empirical results suggest that there is the evidence of long-run equilibrium relationship; for a short period of time, China’s urban residents’ income has a strong impact on housing price, basically promoting in the positive direction; for a long period of time, the impact of its standard deviation information on housing price is more obvious and more stable.

关键词： Housing Price Urban Residents Income Co-integration ECM Impulse Response Function Variance Decomposition

作者: WANG Xijun SUN Fangli

作者单位: School of Economics & Management, Weifang University, P.R.China, 261061 School of foreign Languages, Xuzhou Institute of Technology, P.R.China, 221008

会议类型: 国际会议

会议名称: 2009 International Institute of Applied Statistics Studies(2009 国际应用统计学术研讨会)

会议地点: 青岛

会议语种:英文

页码: 1-6

在线出版日期: 2009-07-25（万方平台首次上网日期，不代表论文的发表时间）