建筑经济
建築經濟
건축경제
Construction Economy
2015年
11期
74-77
,共4页
房地产%房价%地价%非线性均衡
房地產%房價%地價%非線性均衡
방지산%방개%지개%비선성균형
real estate%housing price%land price%nonlinear equilibrium
利用宏观经济月度数据,采用门槛协整模型方法分析我国房价与地价之间的非线性均衡关系.结果显示,我国房价与地价之间存在长期均衡关系.另外,当房价偏离与地价之间的长期均衡时,无论偏离状态处于何种动量过程,都会以一定的速率向均衡调整,但是调整过程存在非对称性.最后建议针对上述非对称调整过程选择不同的房地产市场调控方式.
利用宏觀經濟月度數據,採用門檻協整模型方法分析我國房價與地價之間的非線性均衡關繫.結果顯示,我國房價與地價之間存在長期均衡關繫.另外,噹房價偏離與地價之間的長期均衡時,無論偏離狀態處于何種動量過程,都會以一定的速率嚮均衡調整,但是調整過程存在非對稱性.最後建議針對上述非對稱調整過程選擇不同的房地產市場調控方式.
이용굉관경제월도수거,채용문함협정모형방법분석아국방개여지개지간적비선성균형관계.결과현시,아국방개여지개지간존재장기균형관계.령외,당방개편리여지개지간적장기균형시,무론편리상태처우하충동량과정,도회이일정적속솔향균형조정,단시조정과정존재비대칭성.최후건의침대상술비대칭조정과정선택불동적방지산시장조공방식.
Based on monthly macro-economy data of China,the paper uses threshold cointegration model to investigate the nonlinear equilibrium between housing price and land price of China. The conclusion is that there is a long run equilibrium between housing price and land price in China. Furthermore,when housing price is out of equilibrium,whatever it is in upward momentum process or downward momentum process,the housing price will adjust itself to the equilibrium and the adjustment process is asymmetrical. In the end,the paper puts forward suggestion that choosing appropriate regulation methods for the asymmetric adjustment process in real estate market.
