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Determinants of Housing Price on both the Long-term Trend and the Short-term Fluctuation:Panel Data of 35 China Cities

机译:住房价格对长期趋势的决定因素和短期波动:35个中国城市的面板数据

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In this paper,we use AH model to simulate the real housing price based on panel data of 35 large and medium-sized cities and analyze the factors affecting housing prices from both the longterm trend and short-term fluctuation.The results show that: in China,land prices,real estate investment,regional GDP per capita,population,housing loan interest rate and income per capita are the main factors of housing prices in the long run,while real estate investment and population can have a significant effect on short-term housing prices.Meanwhile,different regions have different influencing factors.
机译:在本文中,我们使用AH模型根据35个大中型城市的面板数据模拟真正的住房价格,并分析了影响房价的因素,从长期趋势和短期波动。结果表明:在中国,土地价格,房地产投资,区域GDP人均,人口贷款利率和人均收入是住房价格长期以来的主要因素,而房地产投资和人口可能对短期有重大影响期限房价。举行,不同地区有不同的影响因素。

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