中国房地产泡沫与非泡沫——以投机理论为基础的实证分析

Foaming and Non-foaming in Chinese Real Estate Market——An empirical analysis based on speculative theory

文章在对当前房地产泡沫若干观点作简单综述和对房地产泡沫定义辨析的基础上,建立了房地产投机泡沫检验模型,并对中国房地产业泡沫性与非泡沫性进行了实证研究,最后得出当前中国房地产业不存在投机泡沫的结论。

In their article, the authors developed a model for the testing of speculations in the real estate market, and made empirical research into the foaming behavior of the Chinese real estate industry with the conclusion that there is no speculative foaming in this market.