Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/69511
題名: | Investment Demand and Housing Prices in an Emerging Economy | 作者: | 張金鶚 Chang,Chin-oh |
貢獻者: | 地政系 | 日期: | 2011 | 上傳時間: | 1-九月-2014 | 摘要: | This paper hypothesizes that the increase in money supply induced by rapid economic growth leads to strong investment demand in the Taiwanese housing market. A threshold model is used to confirm money supply as the key threshold variable. When the growth rate of money supply is below the model`s estimated threshold value, household number, income, and user cost of housing capital are significant variables. It appears that service demand and housing supply are essential in creating the linear movement of housing prices. However, when the growth rate of money supply exceeds the threshold value, stock prices and the inflation rate become important. These findings suggest that non-linear movement of housing prices is primarily driven by investment demand. | 關聯: | Journal Real Estate of Research, 34(2), 345-374 | 資料類型: | article |
Appears in Collections: | 期刊論文 |
Show full item record
Google ScholarTM
Check
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.