An Empirical Study of the Influence of the Real Estate Market Regulation Policy on Housing Prices
What kind of effect does the government regulation policies on real estate market? This paper structures a measurement regression model on the basis of the demand factor function, and make an empirical analysis which is based on dynamic panel data from 2003 to 2009 using four variables, including per capita GDP,natural growth of population, regulation policies and the housing prices in 35 major cities of China. The result shows that the regulation policies of the government and the related functional sectors cant control the rapid growth of the housing prices effectively and even stimulate the rise of the prices.
regulation policy of the real estate market housing prices dummy variable dynamic panel data unstable data panel regression model
LU Xiaoyong WU Chan XIA Yonghui
School of Software, Nanchang University, P.R.China, 330047 School of Economics and Management, Nanchang University, P.R.China, 330031
国际会议
威海
英文
760-763
2010-07-24(万方平台首次上网日期,不代表论文的发表时间)