Research on Threshold Effect of Housing Price on Real Estate Inventory
Dong Zhang, Haojie Wang
Available Online 7 January 2020.
- https://doi.org/10.2991/aebmr.k.191225.051How to use a DOI?
- housing price, real estate inventory, system GMM estimation, threshold regression
- Through the systematic GMM estimation of the panel data of 35 large and medium-sized cities in China from 2005 to 2016, this paper verifies the nonlinear relationship between housing prices and real estate inventory. On this basis, the threshold regression model is established by modifying the econometric model. It is suggested that cities with high real estate inventory should guide the housing price to return to a reasonable range, while cities with low inventory should increase land supply to strengthen housing security.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Dong Zhang AU - Haojie Wang PY - 2020 DA - 2020/01/07 TI - Research on Threshold Effect of Housing Price on Real Estate Inventory BT - Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019) PB - Atlantis Press SP - 295 EP - 300 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.191225.051 DO - https://doi.org/10.2991/aebmr.k.191225.051 ID - Zhang2020 ER -