Fluctuation Relationship Between Land and House Prices Based on Simultaneous Equation

被引：0
|
作者：
Tang K. [1 ]
Zhuang X.-T. [1 ]
Lu P.-P. [1 ]
Li X.-Q. [1 ]
机构：
[1] School of Business Administration, Northeastern University, Shenyang
来源：
Dongbei Daxue Xuebao/Journal of Northeastern University | 2017年 / 38卷 / 04期
关键词：
Causal relationship; Effect factors; Estate price; Land price; Simultaneous equation model;
D O I：
10.3969/j.issn.1005-3026.2017.04.029
中图分类号：
学科分类号：
摘要：
A simultaneous equation model for the relations of urban real estate prices in our country was built, and parameter estimation of national key sample cities was given according to the quadratic least squares. The results indicated that simultaneity and interplay exist between land and house prices. The number of population has a great influence on land price. Per capita disposable income and real estate development investment raise the house price, but house sales area is quite the reverse. House price lag greatly affects house price. The expectation of fluctuating prices impacts on the investor sentiment and leads to the changes of house price. © 2017, Editorial Department of Journal of Northeastern University. All right reserved.
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页码：598 / 603
页数：5
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