{"title":"住宅市场存在泡沫吗?天津的实证数据","authors":"Pei‐Fen Chen","doi":"10.2991/icfied-19.2019.69","DOIUrl":null,"url":null,"abstract":"In order to make a scientific judgement of the bubble level of residential property, the data from Tianjin is taken as an example to make a detailed analysis. From 2000 to 2015, nine indicators of residential property market in Tianjin were selected to analyze one by one, and a comprehensive evaluation system was established. Using the PCA-LINMAP coupling model, the principal component is extracted and the principal component synthesis index is formed. Then the weight of each index is determined by using the LINMAP model. Finally, the bubble measure is completed through weighted calculation. From the comprehensive index system, we can see that the bubble in Tianjin's housing market is unstable, which is greatly influenced by the level of investment and capital investment.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Is There a Bubble in the Residential market? Empirical Data from Tianjin\",\"authors\":\"Pei‐Fen Chen\",\"doi\":\"10.2991/icfied-19.2019.69\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In order to make a scientific judgement of the bubble level of residential property, the data from Tianjin is taken as an example to make a detailed analysis. From 2000 to 2015, nine indicators of residential property market in Tianjin were selected to analyze one by one, and a comprehensive evaluation system was established. Using the PCA-LINMAP coupling model, the principal component is extracted and the principal component synthesis index is formed. Then the weight of each index is determined by using the LINMAP model. Finally, the bubble measure is completed through weighted calculation. From the comprehensive index system, we can see that the bubble in Tianjin's housing market is unstable, which is greatly influenced by the level of investment and capital investment.\",\"PeriodicalId\":402406,\"journal\":{\"name\":\"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)\",\"volume\":\"12 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-02-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2991/icfied-19.2019.69\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2991/icfied-19.2019.69","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Is There a Bubble in the Residential market? Empirical Data from Tianjin
In order to make a scientific judgement of the bubble level of residential property, the data from Tianjin is taken as an example to make a detailed analysis. From 2000 to 2015, nine indicators of residential property market in Tianjin were selected to analyze one by one, and a comprehensive evaluation system was established. Using the PCA-LINMAP coupling model, the principal component is extracted and the principal component synthesis index is formed. Then the weight of each index is determined by using the LINMAP model. Finally, the bubble measure is completed through weighted calculation. From the comprehensive index system, we can see that the bubble in Tianjin's housing market is unstable, which is greatly influenced by the level of investment and capital investment.
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