产业经济研究
產業經濟研究
산업경제연구
Industrial Economics Research
2011年
1期
1~10
,共null页
房价波动 居民消费 恩格尔系数 消费者效用函数
房價波動 居民消費 恩格爾繫數 消費者效用函數
방개파동 거민소비 은격이계수 소비자효용함수
housing price fluctuations ; residents consumption ; Engel coefficient ; consumers' utility function
把房地产价值纳入消费者效用函数,通过一个两期模型,分析了房价波动对居民消费的影响机理。对长江三角洲16个城市2000~2009年面板数据的实证检验表明,房地产价格的上涨并没有明显地影响到居民的消费支出水平。通过考察房价波动对居民消费结构的影响,发现短期内的房价上涨将导致恩格尔系数上升,即从短期看房价上涨会降低长三角居民的生活水平,但影响强度很小;从长期趋势看,房价波动对长三角居民生活水平的影响不显著。
把房地產價值納入消費者效用函數,通過一箇兩期模型,分析瞭房價波動對居民消費的影響機理。對長江三角洲16箇城市2000~2009年麵闆數據的實證檢驗錶明,房地產價格的上漲併沒有明顯地影響到居民的消費支齣水平。通過攷察房價波動對居民消費結構的影響,髮現短期內的房價上漲將導緻恩格爾繫數上升,即從短期看房價上漲會降低長三角居民的生活水平,但影響彊度很小;從長期趨勢看,房價波動對長三角居民生活水平的影響不顯著。
파방지산개치납입소비자효용함수,통과일개량기모형,분석료방개파동대거민소비적영향궤리。대장강삼각주16개성시2000~2009년면판수거적실증검험표명,방지산개격적상창병몰유명현지영향도거민적소비지출수평。통과고찰방개파동대거민소비결구적영향,발현단기내적방개상창장도치은격이계수상승,즉종단기간방개상창회강저장삼각거민적생활수평,단영향강도흔소;종장기추세간,방개파동대장삼각거민생활수평적영향불현저。
To analyze the impact mechanism of the housing price fluctuation on the residents consumption, we build a two-stage model by adapting the house value into the consumers' utility function. The data from the 16 cities in Yangtze River Delta during 2000 to 2009 show that housing price rising does not significantly affect the level of consumption expenditure. By examining the impact of the housing price flections on consumption structure, we find that the housing price rising leads to the Engel coefficient rising in the short term, namely housing price rising reduces the living standards of the residents in Yangtze River Delta. But it's just a little in strength. While in the long run, such impact is not significant.