我国房地产市场资金来源结构区域化差异研究

发布时间：2018-03-26 08:55

本文选题：资金来源结构　切入点：区域差异　出处：《重庆大学》2014年硕士论文

【摘要】：房地产市场的发展离不开资金的支持，部分经济不发达地区的融资难问题影响了当地的房地产市场发展。首先，文章介绍了融资结构理论、区域经济差异理论以及房地产市场融资结构、区域差异的研究现状，并在此基础上提出文章的研究重点——房地产资金来源结构差异。其次，对我国房地产市场资金来源结构的总体特点进行研究，并选用全国31个省市1999-2012年的房地产市场融资数据，从时间序列与空间截面两个角度出发，利用变异系数、最大最小系数、泰尔指数对我国不同地区之间资金来源结构的差异以及发展态势进行分析，发现地区经济发展水平越高，房地产信贷资金投入比例越大，，外资利用程度也出现上述问题，经济落后地区则主要依赖企业自筹。总体看来，地区间资金来源结构差异明显且差异呈现不断扩大的态势。研究结果还表明，资金来源结构不仅在地区之间差异严重，地区内部也呈现较大差异，同一地区内部的房地产资金投入也呈现不均衡状态。再次，结合前人的研究以及自身所学知识，试探性地对资金来源结构区域差异的影响因素进行分析，构建面板数据模型，利用EVIEWS软件探寻其对资金来源结构的影响情况，结果发现各地区资金来源结构的最显著影响因素依次为实际利率、地区金融机构存贷比、地区金融相关比率、物价指数。最后，基于文章研究结果，提出相应的建议。
[Abstract]:The development of the real estate market can not be separated from the support of funds. The financing difficulties in some underdeveloped areas affect the development of the local real estate market. First, the paper introduces the financing structure theory. The theory of regional economic difference, the financing structure of real estate market, the present situation of regional difference, and on the basis of which, the paper puts forward the research focus of the article-real estate fund source structure difference. Secondly, This paper studies the general characteristics of the capital source structure of the real estate market in China, and selects the financing data of the real estate market from 1999 to 2012 in 31 provinces and cities in China. From the angle of time series and space section, the paper uses the coefficient of variation, the maximum and the minimum coefficient. Based on the analysis of the differences in the structure of capital sources and the development situation among different regions in China, it is found that the higher the level of regional economic development is, the greater the proportion of real estate credit funds is, and the above problems arise in the degree of foreign capital utilization. On the other hand, the economic backward areas mainly depend on enterprises' self-financing. In general, the differences between regions are obvious and the differences are increasing. The results also show that the structure of capital sources is not only serious in different regions. There are also large differences within the region, and the investment of real estate funds in the same region is also uneven. Thirdly, combined with previous studies and knowledge learned by oneself, This paper tentatively analyzes the influencing factors of the regional differences in the source structure of funds, constructs the panel data model, and explores its influence on the structure of the source of funds by using EVIEWS software. The results show that the most significant factors affecting the source structure of funds in each region are the real interest rate, the deposit-loan ratio of regional financial institutions, the ratio of regional financial correlation, and the price index. Finally, based on the research results, the corresponding suggestions are put forward.
【学位授予单位】：重庆大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.23

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