Proceedings of the 2018 International Conference on Social Science and Education Reform (ICSSER 2018)

An Empirical Analysis of the Impact of Macroeconomics on Real Estate Market-Based on the data in China (2006Q1~2017Q4)

Authors
Jiwen Jiao, Weiyu Jiao
Corresponding Author
Jiwen Jiao
Available Online October 2018.
DOI
https://doi.org/10.2991/icsser-18.2018.60How to use a DOI?
Keywords
Macro-economic; Real Estate; Vector Auto-regression; Granger Casualty Test; Dynamic Effects
Abstract
This paper sets up a VAR(1) model by collecting the quarterly data on China’s macroeconomic and real estate industry. By means of Granger Casualty Test, impulse response function and variance decomposition, the paper studies the impact of macroeconomic variables on real estate variables. The conclusions are as follows: changes in the macroeconomic system have a significant impact on the investment in the real estate development investment and the domestic lending; and the fluctuations of housing price, to some extent, are short of the support of macroeconomic fundamentals and effective demands.
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Proceedings
2018 International Conference on Social Science and Education Reform (ICSSER 2018)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
October 2018
ISBN
978-94-6252-600-6
ISSN
2352-5398
DOI
https://doi.org/10.2991/icsser-18.2018.60How 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  - Jiwen Jiao
AU  - Weiyu Jiao
PY  - 2018/10
DA  - 2018/10
TI  - An Empirical Analysis of the Impact of Macroeconomics on Real Estate Market-Based on the data in China (2006Q1~2017Q4)
BT  - 2018 International Conference on Social Science and Education Reform (ICSSER 2018)
PB  - Atlantis Press
SP  - 252
EP  - 258
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsser-18.2018.60
DO  - https://doi.org/10.2991/icsser-18.2018.60
ID  - Jiao2018/10
ER  -