To avoid the effects of systemic financial risks caused by extreme fluctuations in housing price,the Chinese government has been exploring the most effective policies for regulating the housing market.Measuring the ef...To avoid the effects of systemic financial risks caused by extreme fluctuations in housing price,the Chinese government has been exploring the most effective policies for regulating the housing market.Measuring the effect of real estate regulation policies has been a challenge for present studies.This study innovatively employs big data technology to obtain Internet search data(ISD)and construct market concern index(MCI)of policy,and hedonic price theory to construct hedonic price index(HPI)based on building area,age,ring number,and other hedonic variables.Then,the impact of market concerns for restrictive policy,monetary policy,fiscal policy,security policy,and administrative supervision policy on housing prices is evaluated.Moreover,compared with the common housing price index,the hedonic price index considers the heterogeneity of houses and could better reflect the changes in housing prices caused by market supply and demand.The results indicate that(1)a long-term interaction relationship exists between housing prices and market concerns for policy(MCP);(2)market concerns for restrictive policy and administrative supervision policy effectively restrain rising housing prices while those for monetary and fiscal policy have the opposite effect.The results could serve as a useful reference for governments aiming to stabilize their real estate markets.展开更多
A wireless search system was integrated on Windows 2000 server.Based on the communication principle between wireless data and Internet,the object expression of search file,the automatic query of document information,t...A wireless search system was integrated on Windows 2000 server.Based on the communication principle between wireless data and Internet,the object expression of search file,the automatic query of document information,the segment browsing of result information,and the receiving and sending of user information were realized by using Active Server Page 3.0,VB Script,WML Script insert languages and object orient database technology.The requirement querying information of material processing through Internet by GPRS,WAP mobile handset and so on was accomplished.展开更多
基金the National Natural Science Foundation of China(Nos.61703014 and 62073008).
文摘To avoid the effects of systemic financial risks caused by extreme fluctuations in housing price,the Chinese government has been exploring the most effective policies for regulating the housing market.Measuring the effect of real estate regulation policies has been a challenge for present studies.This study innovatively employs big data technology to obtain Internet search data(ISD)and construct market concern index(MCI)of policy,and hedonic price theory to construct hedonic price index(HPI)based on building area,age,ring number,and other hedonic variables.Then,the impact of market concerns for restrictive policy,monetary policy,fiscal policy,security policy,and administrative supervision policy on housing prices is evaluated.Moreover,compared with the common housing price index,the hedonic price index considers the heterogeneity of houses and could better reflect the changes in housing prices caused by market supply and demand.The results indicate that(1)a long-term interaction relationship exists between housing prices and market concerns for policy(MCP);(2)market concerns for restrictive policy and administrative supervision policy effectively restrain rising housing prices while those for monetary and fiscal policy have the opposite effect.The results could serve as a useful reference for governments aiming to stabilize their real estate markets.
基金Item Sponsored by Doctoral Program of Higher Education of China(97014515)
文摘A wireless search system was integrated on Windows 2000 server.Based on the communication principle between wireless data and Internet,the object expression of search file,the automatic query of document information,the segment browsing of result information,and the receiving and sending of user information were realized by using Active Server Page 3.0,VB Script,WML Script insert languages and object orient database technology.The requirement querying information of material processing through Internet by GPRS,WAP mobile handset and so on was accomplished.
