A Positive Research on the Dynamic Relationship between the Interest Rate and Real Estate Price in China

2011 3rd International Workshop on Intelligent Systems and Applications Pub Date : 2011-05-28 DOI:10.1109/ISA.2011.5873458

J. He, Cunpu Li

引用次数: 0

Abstract

This article uses the autoregressive distributed lag - Error Correction Model (ARDL-ECM) to analyze the real estate prices and interest rate data from the fourth quarter of 1998 to the first quarter of 2008 .The results show that the interest rate and the real estate prices , in the long run, are negatively related; in the short term, the impact of interest rates on real estate prices lags 2 periods, real estate prices' effect on itself lags three periods. The results indicate that the impact of interest rates on real estate prices is significant, and its lag on real estate prices has a continuing impact.

查看原文本刊更多论文

中国利率与房地产价格动态关系的实证研究

本文运用自回归分布滞后误差修正模型(ARDL-ECM)对1998年第四季度至2008年第一季度的房地产价格与利率数据进行了分析，结果表明:从长期来看，利率与房地产价格呈负相关关系;短期来看，利率对房地产价格的影响滞后2个周期，房地产价格对自身的影响滞后3个周期。结果表明，利率对房地产价格的影响是显著的，其对房地产价格的滞后性具有持续的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

2011 3rd International Workshop on Intelligent Systems and Applications

自引率

0.00%

发文量