CAJ | 학술논문

基于1992～2012年全国的经济数据，对中国居民收入差距、通货膨胀及房地产价格三个变量进行协整分析，并通过建立向量自回归模型和误差修正模型，在估计无约束向量自回归参数的基础上，通过脉冲响应函数研究这三者之间的动态关系。实证分析的结果表明，通货膨胀是收入差距扩大的主要原因，而居民收入差距的拉大和通货膨胀在不同程度上造成了房价的上扬。
기우1992～2012년전국적경제수거，대중국거민수입차거、통화팽창급방지산개격삼개변량진행협정분석，병통과건립향량자회귀모형화오차수정모형，재고계무약속향량자회귀삼수적기출상，통과맥충향응함수연구저삼자지간적동태관계。실증분석적결과표명，통화팽창시수입차거확대적주요원인，이거민수입차거적랍대화통화팽창재불동정도상조성료방개적상양。
Based on China's economic data from 1992 to 2012, a co-integration analysis was conducted on commercial housing prices and inflation, residents' income gap in China. Then the VAR (Vector Auto-regression) model and error correction model were constructed in an efforts to research into dynamic relations between the said three variables through impulse response function. The result of the empirical analysis indicates that residents' income gap is primarily widened because of inflation. The widening of residents' income gap together with inflation gives rise to the growth in housing prices.