房地产金融对房地产市场发展的影响研究:北海实证

The Impact of Real Estate Credit on the Real Estate Market in Beihai City

本文通过向量自回归模型(VAR)研究房地产金融对房地产市场的实际影响。选取北海市金融类和房地产市场类等4项指标,建立2个VAR模型系统;利用脉冲相应函数和方差分解方法,分析信贷市场指标变化对房地产市场供需影响的时滞、持续时间及作用强度。结果表明:北海房地产金融市场与房地产市场无论在长期还是短期都存在均衡关系,两者具有一定程度的共生性。基于以上分析,提出相应的政策建议。

This article studies the practical impact of the real estate credit on the real estate market in ihai city through VAR model. The impulse response function and variance decomposition method are used analyze the time delay, duration and intensity of the impact on real estate supply, demand and price luted by real estate credit changes. The study indicates： real estate credit plays an important role in ,gional economic development in less developed areas. Meanwhile, the real estate credit causes the credit sources to be imbalance. On the basis of above analysis, this article puts forward some policy suggestions.