Is There a Bubble in the Residential market? Empirical Data from Tianjin
- Peiyao Chen
- Corresponding Author
- Peiyao Chen
Available Online February 2019.
- https://doi.org/10.2991/icfied-19.2019.69How to use a DOI?
- Real estate bubble, Principal component analysis, Comprehensive index system.
- In order to make a scientific judgement of the bubble level of residential property, the data from Tianjin is taken as an example to make a detailed analysis. From 2000 to 2015, nine indicators of residential property market in Tianjin were selected to analyze one by one, and a comprehensive evaluation system was established. Using the PCA-LINMAP coupling model, the principal component is extracted and the principal component synthesis index is formed. Then the weight of each index is determined by using the LINMAP model. Finally, the bubble measure is completed through weighted calculation. From the comprehensive index system, we can see that the bubble in Tianjin's housing market is unstable, which is greatly influenced by the level of investment and capital investment.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Peiyao Chen PY - 2019/02 DA - 2019/02 TI - Is There a Bubble in the Residential market? Empirical Data from Tianjin BT - 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019) PB - Atlantis Press SN - 2352-5428 UR - https://doi.org/10.2991/icfied-19.2019.69 DO - https://doi.org/10.2991/icfied-19.2019.69 ID - Chen2019/02 ER -