Econometric Research on Current Land Supply in Real Estate Market of China

摘要：

Land supply has close relation with housing supply. This paper studies the effect of land supply on the average housing price using floor space of housing completed. On the basis of unit root test, an equation of long-term equilibrium relationship among average housing price, per capita disposable income of urban residents and floor space of housing completed is established, using the cointegration theory. The result shows that Chinese tightening policies tropism of total land supply since 2004 is correct, but its duration should not be too long. With the implementation of these policies, it is necessary to raise land supply reasonably in the real estate market.

关键词： land supply unit root long-term equilibrium relationship cointegration

作者: Xu Chunqing TianYixiang Ma Yongkai

作者单位: School of Management, University of electronic and science technology of China, Chengdu, 610051, China

会议类型: 国际会议

会议名称: The 6th International Conference on Partial Least Squares and Related Methods(第六届偏最小二乘及相关方法国际会议)

会议地点: 北京

会议语种:英文

页码: 414-419

在线出版日期: 2009-09-04（万方平台首次上网日期，不代表论文的发表时间）