Research on the Formation Mechanism and Dynamic Factors of Commercial Housing Prices Based on the Correction Carey Model - Panel Data from Thirty-Five Key Cities

Feng Lan; Qian Gu

doi:10.4028/www.scientific.net/AMM.291-294.1318

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 291-294Research on the Formation Mechanism and Dynamic...

Research on the Formation Mechanism and Dynamic Factors of Commercial Housing Prices Based on the Correction Carey Model - Panel Data from Thirty-Five Key Cities

Abstract:

Since 2004, a nationwide commercial housing prices showing explosive growth, This paper use the Carey model studying the volatility of commodity housing price mechanism theory. By Carey theoretical correction model in 1998-2003 and 2004-2010, respectively, in two stages to establish the individual fixed effects and individual random effects panel data model focused on the monitoring of the Ministry of Construction of the 35 cities of the empirical testing of commercial housing price. Analysis concluded that the cost of land, building costs, per capita disposable income of urban residents, urban population, and psychological expectations is the main factors to promote China's real estate prices.

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Periodical:

Applied Mechanics and Materials (Volumes 291-294)

Pages:

1318-1322

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.291-294.1318

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Online since:

February 2013

Authors:

Feng Lan, Qian Gu

Keywords:

Fluctuant Mechanism, Real Estate Price, Thirty-Five Cities

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