广义货币供应量对房地产开发投资的影响
发布时间:2018-06-19 11:33
本文选题:广义货币供应量 + 房地产开发投资 ; 参考:《辽宁大学》2014年硕士论文
【摘要】:房地产业经过20多年的高速发展,虽然成熟度还不算高,但是增长速度却不断提高,取得了令人惊讶的迅猛发展,在改善居民的住房条件,减少失业人口,提供就业机会等方面做出了显著效果。目前我国正处于高速经济转型时期,房地产业为加快产业结构调整提供了强大动力,房地产开发投资连年不断提高,在拉动国民经济快速增长方面,起到了举足轻重的作用。房地产业对货币和金融有很强的依赖性,无论是在购买建设用地、筹备开发、动工建设、后续经营流通和销售房产过程中,都需要大量的资金作为后备供给,,离不开筹资、融资及其他类型的货币流通和信贷渠道,因此资金的供应量及可获性对房地产的繁荣发展有重要影响。但是近几年来出现房地产投资额高速增加,房地产价格却居高不下的现象,广义货币供应量也不断增加,在GDP中的比重也逐渐提高,年增长率多次超过GDP的年增长率。那么货币供应量对房地产投资有怎样的影响,能否通过合理的货币调控政策调控房地产市场,就成为一个问题。 文章从四个部分研究了货币供应量对房地产开发投资的影响:第一部分,主要介绍论文的研究背景及意义,广义货币供应量(M2)每年不断提高,大量货币涌入市场,同时房地产开发市场进入白热化,投资程度不断提高,需要适度降低房地产市场热度,提出该如何操作的问题。第二部分,从理论以及实际波动角度,对市场的实际情况进行定量分析,分为我国广义货币供应量的波动情况分析,房地产投资情况的波动情况分析,最后将二者结合,观察是否有波动特征。第三部分,是对两变量采用计量分析方法进行实证分析,通过构建相关模型和结构性分析方法对两变量的关系和相关特征做出总结。第四部分,根据上面的描述性分析和计量分析结果,提出政策建议,从金融机构和政府角度提出可能建议。
[Abstract]:After more than 20 years of rapid development, although the maturity of the real estate industry is not yet high, but the growth rate is constantly increasing, and has made surprising rapid development, improving the housing conditions of residents, reducing the number of unemployed people. Significant results have been made in the provision of employment opportunities. At present, our country is in the period of high speed economic transformation, the real estate industry has provided a powerful motive force for speeding up the adjustment of industrial structure, the investment of real estate development has been increasing year after year, which has played an important role in stimulating the rapid growth of national economy. The real estate industry has a strong dependence on money and finance. No matter in the process of purchasing construction land, preparing for development, starting construction, following operation, circulation and sale of real estate, a large number of funds are needed as back-up supplies, which cannot be separated from financing. Financing and other types of money circulation and credit channels, so the availability and availability of capital has a significant impact on the real estate boom. However, in recent years, the real estate investment has increased rapidly, but the real estate price is still high. The broad money supply is also increasing, and the proportion in GDP is gradually increasing. The annual growth rate exceeds the annual growth rate of GDP many times. So how does the money supply affect the real estate investment and whether the real estate market can be regulated by reasonable monetary regulation and control policy becomes a question. The paper studies the influence of money supply on real estate development and investment from four parts: the first part mainly introduces the research background and significance of the paper, the broad money supply is increasing every year, and a large amount of money flows into the market. At the same time, the real estate development market has entered into the white-hot, the investment degree has been improved constantly, it is necessary to reduce the real estate market heat appropriately, and put forward the question of how to operate. The second part, from the theory and the actual fluctuation angle, carries on the quantitative analysis to the market actual situation, divides into our country broad sense money supply fluctuation situation analysis, the real estate investment situation fluctuation analysis, finally combines the two, Observe whether there is a characteristic of fluctuation. The third part is the empirical analysis of the two variables by means of econometric analysis, through the construction of relevant models and structural analysis methods to summarize the relationship and related characteristics of the two variables. The fourth part, according to the above descriptive analysis and econometric analysis results, put forward policy recommendations, from the perspective of financial institutions and the government put forward possible recommendations.
【学位授予单位】:辽宁大学
【学位级别】:硕士
【学位授予年份】:2014
【分类号】:F299.23;F822.2
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