Empirical Analysis on Development Efficiency and Influencing Factors of China's Provincial Real Estate

DOI

10.2991/gecss-14.2014.54How to use a DOI?

Keywords

real estate, development efficiency, SE-DEA, Tobit, influencing factors

Abstract

Taking the real estate development enterprises in China's 31 provinces and cities as research object, we have applied the Super Efficiency DEA model to measure their technical, pure technical efficiency, scale efficiency and inter-annual change trend between 2007 and 2011 in this dissertation. Using the Truncated Regression (Tobit) model, we identify the influence of different factors on the efficiency. The empirical results show that the development efficiency of real estate in our country average of 0.8558, namely the efficiency in the average level; the difference of the real estate development efficiency in China's 31 provinces and cities is big; east, central and western regions development efficiency level gap is narrowing; efficiency of various provinces and cities in the region is different; government support, scale of real estate, external demand and production elements configuration has a significant positive effect on development level of efficiency.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhigao Liao
AU  - Yan Liao
PY  - 2014/01
DA  - 2014/01
TI  - Empirical Analysis on Development Efficiency and Influencing Factors of China's Provincial Real Estate
BT  - Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science
PB  - Atlantis Press
SP  - 212
EP  - 215
SN  - 1951-6851
UR  - https://doi.org/10.2991/gecss-14.2014.54
DO  - 10.2991/gecss-14.2014.54
ID  - Liao2014/01
ER  -