摘要
基于广州市2003～2007年的月度数据,利用协整检验对广州市房地产市场的财富效应进行了实证分析。结果表明:房地产价格上涨对消费具有抑制作用,广州市房地产市场不具有财富效应。
Based on the monthly data ranging from 2000 to 2007, this paper employs the co-integration test and analyzes the wealth effect of real estate market in Guangzhou. Results indicate that the rising real estate price causes a negative influence on the consumption, and there is no wealth effect in the real estate market of Guangzhou city.
出处
《价值工程》
2008年第8期158-160,共3页
Value Engineering
关键词
房地产市场
财富效应
协整检验
real estate market
wealth effect
co-integration test
