Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)

Is There a Bubble in the Residential market? Empirical Data from Tianjin

Authors
Peiyao Chen
Corresponding Author
Peiyao Chen
Available Online February 2019.
DOI
https://doi.org/10.2991/icfied-19.2019.69How to use a DOI?
Keywords
Real estate bubble, Principal component analysis, Comprehensive index system.
Abstract
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.
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Proceedings
2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
Part of series
Advances in Economics, Business and Management Research
Publication Date
February 2019
ISBN
978-94-6252-678-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/icfied-19.2019.69How to use a DOI?
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
SP  - 365
EP  - 368
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  -