摘要
利用2004-2018年我国房地产库存和金融发展结构的省际面板数据建立GWR模型,考量空间变异特征下金融发展结构对房地产库存的影响。结果表明:金融发展结构对房地产库存的影响呈现出显著的动态市场异质性特征,即不同经济发展阶段、不同的经济发展区域、金融发展结构对房地产库存的影响不同;房地产开发企业国内贷款和商品房房价对房地产库存的影响具有典型的市场异质性,且表现出非线性特征;房地产开发企业自筹资金、房地产开发企业利用外资、房地产开发企业其他资金对房地产库存具有抑制作用;房地产开发投资额对房地产库存具有促进作用。
Based on the provincial panel data of China's real estate inventory and financial development structure in the past 2004-2018 years,the GWR model was established to consider the impact of financial development structure on real estate inventory under the spatial variation characteristics.The results show that:the impact of financial development structure on real estate inventory shows significant market heterogeneity,that is,different economic development stages,different economic development regions,the impact of financial development structure on real estate inventory is different.Generally speaking,the impact of domestic loans and real estate prices of real estate development enterprises on real estate inventory has typical market heterogeneity,and shows nonlinear characteristics.Real estate development enterprises raise funds by themselves,real estate development enterprises use foreign capital,and other funds of real estate development enterprises have a restraining effect on real estate inventory.The amount of investment in real estate development can promote the impact of real estate inventory.
作者
傅贻忙
王欢芳
刘奎兵
FU Yimang;WANG Huanfang;LIU Kuibing(Business School, Hunan University of Technology, Zhuzhou,Hunan 412007,China;Business School, Xiangtan University, Xiangtan,Hunan 411105,China)
出处
《财经理论与实践》
CSSCI
北大核心
2020年第3期117-123,共7页
The Theory and Practice of Finance and Economics
基金
湖南省哲学社会科学基金项目(17YBA308)。
关键词
金融发展结构
房地产库存
空间变异
financial development structure
real estate inventory
spatial variability characteristics
