An Empirical Analysis of the Impact of Macroeconomics on Real Estate Market-Based on the data in China (2006Q1~2017Q4)
Jiwen Jiao, Weiyu Jiao
Available Online October 2018.
- https://doi.org/10.2991/icsser-18.2018.60How to use a DOI?
- Macro-economic; Real Estate; Vector Auto-regression; Granger Casualty Test; Dynamic Effects
- 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.
- 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 -