Empirical Investigation on the Regional Correlation of Housing Price Fluctuations - Take Shaanxi as an Example

Abstract:

Compared with the correlation of housing price fluctuations among the major cities, the link on geography and economy is closer between the provincial cities, and the movement of capital and population is more common. These features make the correlation of price fluctuations is more likely to occur. This paper utilizes Granger causality test to investigate the housing price interactions among the cities in Shaanxi province by employing the housing price data from 1999 to 2011.The research shows that the inverted conductive relationship which the surrounding cities promote the central city exists in the housing price of Shaanxi. On this basis, this paper quantifies the degree of the correlation by using the impulse response function method. The conclusion will enlighten the establishment of the intervention and coordination mechanism.

• Periodical: Applied Mechanics and Materials (Volumes 457-458)
• Pages: 1432-1435
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.457-458.1432
• Online since: October 2013
• Authors: Bin Guo, Li Hao Pan
• Keywords: Correlation of Fluctuations, Granger Causality Test, Impulse Response Function

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