中国百个城市房价变动的网络分析

IF 1.2 Q3 ECONOMICS

National Institute Economic Review Pub Date : 2022-03-14 DOI:10.1017/nie.2021.34

Xiaojie Xu, Yun Zhang

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引用次数: 26

摘要

房价变动是经济学中的一个重要问题。本研究以2010-2019年中国99个主要城市的月度房价为研究对象，采用基于相关性的分层分析和同步性分析，确定价格之间的相互作用和相互依存关系、价格同步性的异质性模式及其随时间的变化路径。实证结果显示，2017年3月以后，移动程度略有下降，但没有出现持续下降。该报告确定了几组城市，每组城市都有其成员显示出相对强劲但波动较大的价格同步性。某些城市显示出成为集团内价格领导者的潜力。这里的结果可能对有关房价变动的政策分析有用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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NETWORK ANALYSIS OF HOUSING PRICE COMOVEMENTS OF A HUNDRED CHINESE CITIES

Housing price comovements are an important issue in economics. This study focuses on monthly housing prices of 99 major cities in China for the years 2010–2019 by using correlation-based hierarchical analysis and synchronisation analysis, through which one could determine interactions and interdependence among the prices, heterogeneous patterns in price synchronisations and their changing paths over time. Empirical results show that the degree of comovements is slightly lower after March 2017 but no persistent drop is found. Several groups of cities are identified, each of which has its members showing relatively strong but volatile price synchronisations. Certain cities show potential of serving as price leaders within a group. Results here could be useful to policy analysis regarding housing price comovements.

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来源期刊

National Institute Economic Review ECONOMICS-

CiteScore

3.70

自引率

9.50%

发文量

期刊介绍： The National Institute Economic Review is the quarterly publication of the National Institute of Economic and Social Research, one of Britain"s oldest and most prestigious independent research organisations. The Institutes objective is to promote, through quantitative research, a deeper understanding of the interaction of economic and social forces that affect peoples" lives so that they may be improved. It has no political affiliation, and receives no core funding from government. Its research programme is organised under the headings of Economic Modelling and Analysis; Productivity; Education and Training and the International Economy.