财经科学
財經科學
재경과학
Finance and Economics
2015年
6期
108~118
,共null页
家庭创业 房屋价值 房价预期 正规信贷约束
傢庭創業 房屋價值 房價預期 正規信貸約束
가정창업 방옥개치 방개예기 정규신대약속
Family Entrepreneurship; House Value; Housing Price Expectation; Formal Credit Constraints
本文运用CHFS2011数据分析住房及房价预期对家庭创业的影响。研究发现：在存在正规信贷约束的情况下,自有住房使家庭创业的概率提高2%,房屋价值每升值1万元使家庭创业的概率提高0.3%。对于拥有住房的家庭,预期房价上涨使家庭创业的概率减少23.9%。本文认为住房和房价预期对家庭创业的影响是复杂的,自有住房和房屋价值通过财富效应增加家庭创业,而房价预期通过挤出效应和替代效应减少家庭创业。
本文運用CHFS2011數據分析住房及房價預期對傢庭創業的影響。研究髮現：在存在正規信貸約束的情況下,自有住房使傢庭創業的概率提高2%,房屋價值每升值1萬元使傢庭創業的概率提高0.3%。對于擁有住房的傢庭,預期房價上漲使傢庭創業的概率減少23.9%。本文認為住房和房價預期對傢庭創業的影響是複雜的,自有住房和房屋價值通過財富效應增加傢庭創業,而房價預期通過擠齣效應和替代效應減少傢庭創業。
본문운용CHFS2011수거분석주방급방개예기대가정창업적영향。연구발현：재존재정규신대약속적정황하,자유주방사가정창업적개솔제고2%,방옥개치매승치1만원사가정창업적개솔제고0.3%。대우옹유주방적가정,예기방개상창사가정창업적개솔감소23.9%。본문인위주방화방개예기대가정창업적영향시복잡적,자유주방화방옥개치통과재부효응증가가정창업,이방개예기통과제출효응화체대효응감소가정창업。
Using CHfSS2.011, this paper analyses the impact of housing and the housing prices expectation to family entrepreneurship. We found that under the formal credit constraints, the probability of entrepreneur which the family have already owned houses will increase 2%. A housing value＇s increase of 10000 Yuan per house corresponds to about 0.3 percentage points＇ increase to the probability of entrepreneur. For the family which owns houses, an anticipation of housing prices increase corresponds to 23.9 percent points decrease in the probability of entrepreneur. This paper suggests that the impact of housing and housing price anticipation to family entrepreneurship is complex. The value of owning housing increases family entrepreneurship by house- hold wealth effect, while the increasing of housing prices expectation reduce the likelihood of entreprenettrship by crowding- out effect and substtufion effects.
