Please use this identifier to cite or link to this item:

Title: 中國大陸中大城市住宅需求彈性的差異性分析
Other Titles: Analysis on the Heterogeneity of Residential Housing Demand Elasticity among China Major Cities
Authors: 林祖嘉;林素菁;游士儀
Lin, Chu-chia Steve;Lin, Sue-Jing;You, Shih-Yi
Contributors: 經濟系
Keywords: 住宅需求彈性;門檻迴歸模型;地區差異
housing demand elasticity;panel threshold;regional diversity
Date: 2013.07
Issue Date: 2014-08-05 11:36:13 (UTC+8)
Abstract: The right figures of price elasticity and income elasticity of housing demand have important policy implications. However, the empirical studies of China’s housing demand elasticity are relatively fewer than international related studies. Moreover, there exists large discrepancy among them. The key factor to such huge difference among the existing research conclusion is probably because that China is still a developing country and also in a period of growing housing market. Therefore, the housing demand will adjust constantly. In accordance with the analysis above, the purpose of this study is using a nonlinear threshold framework to re-estimate the housing demand elasticity of China’s 35 major cities in the period of 2008Q1-2011Q4. Our main findings are as follows: First, price elasticity and income elasticity of housing demand will decrease by the increasing of housing price-to-income ratio. Secondly, the fluctuation of some cities’ housing demand elasticity primarily is due to seasonal factors. However, seasonal factor on periodic hosing demand elasticity bears little resemblance in some major cities of China’s different regions. Thirdly, the major cities in East region have higher average housing price-to-income ratio, with the result the average housing demand elasticity of the major cities in East region is lower than in middle and west region.
Relation: 不動產研究, 1(1)
Data Type: article
Appears in Collections:[經濟學系] 期刊論文

Files in This Item:

File Description SizeFormat
2166.pdf735KbAdobe PDF1030View/Open

All items in 學術集成 are protected by copyright, with all rights reserved.

社群 sharing