Influence of Low-Renting Housing Scale on Housing Price Based on Crowding Out Effect

摘要：

The commercial apartment price is the result of supply and demand in the commercial market. As the scale of indemnificatory apartment increased, attentions are attached to the efficiency of the rising scale of commercial apartment program. Based on the commercial apartment price’s multivariate regression models and empirical research and by considering the different crowding-out effects made by the supply of indemnificatory apartment in Beijing’s housing market, the paper analyze the importance of crowding-out effect during an indemnificatory program which aims at controlling the housing price. The increasing ratio of price is 8.36％ when there is a 30％ cut in Demand in the case of 1:1 crowding-out, while it reduce to only 1.13％ in the case of 1:0.3 crowding-out. This proves that crowing-out effect is a key in controlling the price. From some aspects, it’s even more important than the scale of indemnificatory apartment program.

关键词： housing security crowding-out effect commercial apartment’s price.

作者: Yuesong ZHANG Yu LIAN

作者单位: School of Public and Administration, RenminUniversity of China, Beijing, China 100872 Peking University, Beijing, China 100872

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: 561-564

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）