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題名 An Empirical Study on Housing Price in China Under Macro Control Measures
作者 石淑慧
Shih, Shu-Hui
貢獻者 吳文傑
Wu, Wen-Chien
石淑慧
Shih, Shu-Hui
關鍵詞 Macro Controlling Policy
China
Housing Price
Real Estate
Government Regulation
OLS Linear Regression Model
日期 2006
上傳時間 18-九月-2009 17:26:12 (UTC+8)
摘要 The price of real estate is the result of economical operation and, most importantly, regulation mechanism of resource distribution for real estate industry. Since the process of economic reform began in 1978, there have been several times that the Chinese government imposed contractive measures intended to slow down the economic growth. This paper applies insights from economic theory to explain recent housing price patterns in China’s four largest metropolitan areas. (Beijing, Shanghai, Shenzhen and Guangzhou) and discusses how the Chinese Government’s stance and policy affect the development of real estate. By examining the degree of impact on the housing market as a result of Macro Control Measures, excluding other housing market drivers; the empirical results revealed the degree of effectiveness by the Chinese Government administrative control over the housing market vary across the regions.
參考文獻 【1】 Alan Barrell. 2005. China Wakes.
【2】 Barras, R. 1994, Property and the economic cycle: building cycles revisited. Journal of Property Research. Vol. 11 pp.183-97.
【3】 Beijing Statistical Yearbook. 1995-2005. Beijing statistical publishing house.
【4】 Beijing Statistical Yearbook. 1995-2005. Beijing statistical publishing house.
【5】 Bryce Ward and Edward L. Glaser Schuetz. Harvard University. 2006. Regulation and the Rise of Housing Prices in Great Boston. PB-2006-1
【6】 C. Mitchell Conover & David R. Peterson. 1999. The Lead-Lad relationship between the option and stock markets prior to substantial earnings surprises and the effect of securities regulation. Journal of Financial and Strategic Decisions. Volume 12 No. 1.
【7】 China Association of Mayors, http://www.citieschina.org/
【8】 Daniel T. Winkler and. G. Donald Jud 2002. The Dynamics of Metropolitan Housing Prices. JRER. Vol. 23, No. 1/2-2002.
【9】 Darrat, A. F. and J. L. Glasock. 1993. On the real estate market efficiency. Journal of Real Finance Economics. Vol. 7.
【10】 Hong Kong Housing Authority annual report
【11】 Jian Sun, Martin Hoesli and Steven C. Bourassa. 2006. A simple alternative house price index method. Journal of Housing Economics. 1580–97
【12】 Joe P. Mattey, Stuart A. Gabriel and William L. Washer. 1999. Housing Price Differentials and Dynamics: Evidence from the Los Angeles and San Francisco Metropolitan Area. FRBSF Economic Review. No1.
【13】 John Baffoe-Bonnie. 1998. The Dynamic Impact of Macroeconomic Aggregates on Housing Prices and Stock of Houses: A National and Regional Analysis. The Journal of Real Estate Finance and Economics. vol. 17 issue 2.
【14】 More macro control measures needed. 2006. Shanghai Daily. China Economic Net. http://www.ce.cn/cysc/newfangchan/
【15】 Southwestern Social Science Association. 2006, State Growth Management and Housing Prices. Social Science Quarterly. Volume 87. Number 1.
【16】 Statistical Yearbook of Shanghai Pudong New Area. 2002-2004. Edited by Shanghai Pudong New Area Bureau of Statistics
【17】 The People’s Bank of China. http://www.pbc.gov.cn/
【18】 Xu Jing. 2004. A Study on Real Estate Price – the Theoretic and Positive Analysis. China Academic Journal Electronic Publishing House. www.cnki.net.
描述 碩士
國立政治大學
中國大陸研究英語碩士學程(IMCS)
94925012
95
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0094925012
資料類型 thesis
dc.contributor.advisor 吳文傑zh_TW
dc.contributor.advisor Wu, Wen-Chienen_US
dc.contributor.author (作者) 石淑慧zh_TW
dc.contributor.author (作者) Shih, Shu-Huien_US
dc.creator (作者) 石淑慧zh_TW
dc.creator (作者) Shih, Shu-Huien_US
dc.date (日期) 2006en_US
dc.date.accessioned 18-九月-2009 17:26:12 (UTC+8)-
dc.date.available 18-九月-2009 17:26:12 (UTC+8)-
dc.date.issued (上傳時間) 18-九月-2009 17:26:12 (UTC+8)-
dc.identifier (其他 識別碼) G0094925012en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/36194-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 中國大陸研究英語碩士學程(IMCS)zh_TW
dc.description (描述) 94925012zh_TW
dc.description (描述) 95zh_TW
dc.description.abstract (摘要) The price of real estate is the result of economical operation and, most importantly, regulation mechanism of resource distribution for real estate industry. Since the process of economic reform began in 1978, there have been several times that the Chinese government imposed contractive measures intended to slow down the economic growth. This paper applies insights from economic theory to explain recent housing price patterns in China’s four largest metropolitan areas. (Beijing, Shanghai, Shenzhen and Guangzhou) and discusses how the Chinese Government’s stance and policy affect the development of real estate. By examining the degree of impact on the housing market as a result of Macro Control Measures, excluding other housing market drivers; the empirical results revealed the degree of effectiveness by the Chinese Government administrative control over the housing market vary across the regions.zh_TW
dc.description.tableofcontents 1 Introduction……………………………………………………………………...1
     1.1 Motivation and Purpose..…………………………………………………..1
     1.2 Research Procedure ………………………………………………………..4
     1.3 Research Limitation ………………………………………….....................6
     2 Literature Review…………………………………………….…………………7
     3 Concept and Overview of Real Estate Industry………………………………...11
     3.1 Development of Real Estate Market in China…………………………….11
     3.2 Housing Commodities…………………………………………………….16
     3.3 The background of Macro Controlling Policy in China..…………………20
     3.4 Macro Controlling Policy over Real Estate.………………………............25
     3.5 Obstacles and Challenges in Housing Reform…………………………….32
     4 Data and Methodology………………………………………………………….37
     4.1 Data Source………………………………………………………………..37
     4.2 Descriptive Statistics……………………………………………………...37
     4.3 Methodology………………………………………………………………48
     5 Analysis of Empirical Results…………………………………………………..52
     6 Conclusion………………………………………………………………………58
zh_TW
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0094925012en_US
dc.subject (關鍵詞) Macro Controlling Policyen_US
dc.subject (關鍵詞) Chinaen_US
dc.subject (關鍵詞) Housing Priceen_US
dc.subject (關鍵詞) Real Estateen_US
dc.subject (關鍵詞) Government Regulationen_US
dc.subject (關鍵詞) OLS Linear Regression Modelen_US
dc.title (題名) An Empirical Study on Housing Price in China Under Macro Control Measureszh_TW
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 【1】 Alan Barrell. 2005. China Wakes.zh_TW
dc.relation.reference (參考文獻) 【2】 Barras, R. 1994, Property and the economic cycle: building cycles revisited. Journal of Property Research. Vol. 11 pp.183-97.zh_TW
dc.relation.reference (參考文獻) 【3】 Beijing Statistical Yearbook. 1995-2005. Beijing statistical publishing house.zh_TW
dc.relation.reference (參考文獻) 【4】 Beijing Statistical Yearbook. 1995-2005. Beijing statistical publishing house.zh_TW
dc.relation.reference (參考文獻) 【5】 Bryce Ward and Edward L. Glaser Schuetz. Harvard University. 2006. Regulation and the Rise of Housing Prices in Great Boston. PB-2006-1zh_TW
dc.relation.reference (參考文獻) 【6】 C. Mitchell Conover & David R. Peterson. 1999. The Lead-Lad relationship between the option and stock markets prior to substantial earnings surprises and the effect of securities regulation. Journal of Financial and Strategic Decisions. Volume 12 No. 1.zh_TW
dc.relation.reference (參考文獻) 【7】 China Association of Mayors, http://www.citieschina.org/zh_TW
dc.relation.reference (參考文獻) 【8】 Daniel T. Winkler and. G. Donald Jud 2002. The Dynamics of Metropolitan Housing Prices. JRER. Vol. 23, No. 1/2-2002.zh_TW
dc.relation.reference (參考文獻) 【9】 Darrat, A. F. and J. L. Glasock. 1993. On the real estate market efficiency. Journal of Real Finance Economics. Vol. 7.zh_TW
dc.relation.reference (參考文獻) 【10】 Hong Kong Housing Authority annual reportzh_TW
dc.relation.reference (參考文獻) 【11】 Jian Sun, Martin Hoesli and Steven C. Bourassa. 2006. A simple alternative house price index method. Journal of Housing Economics. 1580–97zh_TW
dc.relation.reference (參考文獻) 【12】 Joe P. Mattey, Stuart A. Gabriel and William L. Washer. 1999. Housing Price Differentials and Dynamics: Evidence from the Los Angeles and San Francisco Metropolitan Area. FRBSF Economic Review. No1.zh_TW
dc.relation.reference (參考文獻) 【13】 John Baffoe-Bonnie. 1998. The Dynamic Impact of Macroeconomic Aggregates on Housing Prices and Stock of Houses: A National and Regional Analysis. The Journal of Real Estate Finance and Economics. vol. 17 issue 2.zh_TW
dc.relation.reference (參考文獻) 【14】 More macro control measures needed. 2006. Shanghai Daily. China Economic Net. http://www.ce.cn/cysc/newfangchan/zh_TW
dc.relation.reference (參考文獻) 【15】 Southwestern Social Science Association. 2006, State Growth Management and Housing Prices. Social Science Quarterly. Volume 87. Number 1.zh_TW
dc.relation.reference (參考文獻) 【16】 Statistical Yearbook of Shanghai Pudong New Area. 2002-2004. Edited by Shanghai Pudong New Area Bureau of Statisticszh_TW
dc.relation.reference (參考文獻) 【17】 The People’s Bank of China. http://www.pbc.gov.cn/zh_TW
dc.relation.reference (參考文獻) 【18】 Xu Jing. 2004. A Study on Real Estate Price – the Theoretic and Positive Analysis. China Academic Journal Electronic Publishing House. www.cnki.net.zh_TW