{"title":"中国利率与房地产价格动态关系的实证研究","authors":"J. He, Cunpu Li","doi":"10.1109/ISA.2011.5873458","DOIUrl":null,"url":null,"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.","PeriodicalId":128163,"journal":{"name":"2011 3rd International Workshop on Intelligent Systems and Applications","volume":"158 6","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A Positive Research on the Dynamic Relationship between the Interest Rate and Real Estate Price in China\",\"authors\":\"J. He, Cunpu Li\",\"doi\":\"10.1109/ISA.2011.5873458\",\"DOIUrl\":null,\"url\":null,\"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.\",\"PeriodicalId\":128163,\"journal\":{\"name\":\"2011 3rd International Workshop on Intelligent Systems and Applications\",\"volume\":\"158 6\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-05-28\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"2011 3rd International Workshop on Intelligent Systems and Applications\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/ISA.2011.5873458\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"2011 3rd International Workshop on Intelligent Systems and Applications","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ISA.2011.5873458","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
A Positive Research on the Dynamic Relationship between the Interest Rate and Real Estate Price in China
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.
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