论文成果
Determinants of Housing Price on both the Long-term Trend and the Short-term Fluctuation: Panel Data of 35 China Cities
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- 论文类型：会议论文
- 发表时间：2013-01-01
- 收录刊物：CPCI-SSH
- 文献类型：A
- 页面范围：189-194
- 关键字：Housing Price; Influencing Factors; AH Model
- 摘要：In this paper, we use AH model to simulate the real housing price based on panel data of 35 large and medium-sized cities and analyze the factors affecting housing prices from both the long-term trend and short-term fluctuation. The results show that: in China, land prices, real estate investment, regional GDP per capita, population, housing loan interest rate and income per capita are the main factors of housing prices in the long run, while real estate investment and population can have a significant effect on short-term housing prices. Meanwhile, different regions have different influencing factors.
