Early Warning of the Real Estate Bubble Based on Entropy and Matter-Element Extension Model
This paper constructed indicators the early warning of real estate bubble from the aspects of real estate prices, the supply and demand of market and financial risk, analyzed the change of the real estate bubble with Entropy and Matter element extension model from 2002 to 2010 in Harbin. The research showed that the variation tendency of the real estate bubble had volatility and discontinuity in recent years, and appeared bubble alert in 2004, 2007 and 2008. The main reasons that led to the real estate bubble in Harbin were the continuing rising in house prices, excessive investment in real estate industry and over-reliance on bank loan. The results also showed that the Entropy and Matter-element extension model early warning analysis can accurately reflected the existential state of the real estate bubble.
real estate bubble early warning matter-element extension model entropy weight.
Meili LV Yanhong HANG
College of Resources and Environment, NortheastAgricultural University, Harbin, China 150001 College of Economic and Management Associate- Professor, College of Resources and Environment, North
国际会议
2011 International Conference on Construction & Real Estate Management(2011建设与房地产管理国际会议)
广州
英文
652-655
2011-11-19（万方平台首次上网日期，不代表论文的发表时间）