摘要
房地产价格的波动会通过多种途径影响一国的宏观经济状况。为说明房地产价格波动对我国宏观经济的影响,本文利用中国1998-2009年的相关数据对房地产价格影响宏观经济的渠道进行实证检验,结果显示:①房地产价格财富效应为正;②房地产价格和房地产投资不存在协整关系;③房屋销售价格指数和总体价格水平存在双向因果关系,但房屋租赁价格水平对总体价格水平没有影响。
The fluctuation of real estate price has impact on the national economy through various means. To illustrate the influence of real estate price fluctuation on China’s macro-economy, the paper applies the relevant data of China and its provinces from 1999 to 2009 to conduct empirical test. The results show that： （1） the wealth effect of real estate is positive. （2） there is no co-integration relationship between real estate price and investment. （3） there is a double-way influence of real estate price fluctuation on China’s macro-economy, yet the house rent level has no influence on general price level.
出处
《统计教育》
2010年第9期56-59,共4页
Statistical education
关键词
财富效应
投资效应
成本效应
房地产价格
wealth effect
investment effect
cost effect
real estate price
