Empirical Study on the Influence of the Rising Housing Price on Resident Consumption

摘要：

This paper explored the impact mechanism of the rising housing price on household consumption. The mathematical model of relationship between consumption rate and housing price index was established, based on which a empirical test was studied. The results indicate that there is a long-term reverse co-integration relationship between these two variables, that is, the rising housing price has really being restrained the resident consumption to some extent. Thus it is necessary for government to control the housing price.

作者: Dong-mei Yuan Jian-jiang Liu Qing Yang

作者单位: College of Economics and Management,Hunan Normal University,Changsha,Hunan 410081 School of Economics and Management, Changsha University of Science and Technology, Changsha,Hunan 41 School of Economics and Management, Changsha University of Science and Technology, Changsha, Hunan 4

会议类型: 国际会议

会议名称: International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)

会议地点: 武汉

会议语种:英文

页码: 1-4

在线出版日期: 2011-08-12（万方平台首次上网日期，不代表论文的发表时间）