城镇居民住房资产财富效应研究

发布时间：2018-04-14 20:14

本文选题：广义虚拟经济 + 城镇居民　；参考：《广义虚拟经济研究》2015年04期

【摘要】：利用往年的季度数据,通过建立测度模型对城镇居民住房资产财富效应进行实证检验。研究结果显示:房价变动不仅与住房的实际居住需求有关,还受到货币政策、财政政策、国内外宏观经济形势等因素的影响。经济相对发达地区的房价水平较高,重点城市是过度投资和投机者将房地产作为社会性财富标志相对集中的地区。城镇居民住房资产财富效应呈现明显的区域结构差异,经济发达的沿海地区城镇居民住房资产财富效应相对比较显著,而经济发展水平相对较低的西部地区和东北地区城镇居民住房资产财富效应并不显著。这是由于房地产市场发展程度、住房自有率高低、金融市场自由化程度、房地产市场投机程度以及人们对待房地产财富的观念等方面的差异所导致。
[Abstract]:Based on the quarterly data of previous years, this paper empirically tests the wealth effect of urban residents' housing assets by establishing a measurement model.The results show that the change of house price is not only related to the actual housing demand, but also affected by monetary policy, fiscal policy, macroeconomic situation at home and abroad.The level of house prices in relatively developed regions is relatively high, and the key cities are areas where excessive investment and speculators take real estate as a sign of social wealth.The wealth effect of housing assets of urban residents shows obvious difference in regional structure, and the wealth effect of housing assets of urban residents in developed coastal areas is relatively significant.However, the wealth effect of urban residents' housing assets is not significant in the western and northeast regions, where the level of economic development is relatively low.This is caused by the differences in the development of the real estate market, the ownership rate of housing, the degree of financial market liberalization, the degree of speculation in the real estate market and the concept of people's treatment of real estate wealth.
【作者单位】：南京航空航天大学;南京师范大学;
【基金】：广义虚拟经济研究专项资助项目[项目编号:GX2015-1005(M)] 教育部人文社科基金(15YJC630983) 国家自然科学基金(71373005) 中央高校基本科研业务费(No.NC2015002)资助
【分类号】：F299.23

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