A Temporal and Spatial Correlation Study of Housing Price Fluctuation among Principal Cities of Yangtze River Delta

摘要：

Under the background of the integration of regional economics, the internal resource flow and allocation of Yangtze River Delta become more convenient and smooth, enabling the price fluctuation of real estate in this area to have internal conduction. There are few studies of housing price fluctuation both at home and abroad that touch upon the correlation of cities, and the study of volatility spillover effect is mainly about financial problems. Moreover, the study of spillover effect of housing price fluctuation is mainly confined to the one-dimensional spatial or temporal perspective. Through qualitative theoretical hypopaper and quantitative empirical study of spatial auto-regression model of PCA-EGARCH (Principal Component Analysis-Exponential and generalized autoregressive conditional heteroscedasticity ), this paper validates the temporal and spatial correlation of housing price fluctuation in principal cities of Yangtze River Delta for the recent years.

关键词： volatility spillover effect housing price spatial econometrics EGARCH principal component analysis

作者: Fei WU Weiwei WU Yanlu ZHENG

作者单位: Department of Construction and Real Estate,Southeast University, Nanjing, China 210096 Department of Construction and Real Estate, SoutheastUniversity, Nanjing, China 210096 China Resources Land, Nanjing, China 210000

会议类型: 国际会议

会议名称: 2011 International Conference on Construction & Real Estate Management(2011建设与房地产管理国际会议)

会议地点: 广州

会议语种:英文

页码: 580-583

在线出版日期: 2011-11-19（万方平台首次上网日期，不代表论文的发表时间）