Font Size: a A A

A Study Of The Development System Of Real Estate Bubble In China In The Perspective Of Fictitious Economy Theory

Posted on:2011-12-29Degree:DoctorType:Dissertation
Country:ChinaCandidate:S H ZhaoFull Text:PDF
GTID:1119330332472035Subject:Financial engineering and economic development
Abstract/Summary:PDF Full Text Request
The development trend of modern economy expresses that the real estate is not only only the consumer goods that is provided for people to consume, but is also become a kind of investment tool and investment object. The trend of real estate turning into toward the investment from the consumption definitely caused the change of pricing method and price changing method of real estate. Therefore, from the angle of the virtual economy, the characteristic of being virtual of real estate becomes more and more obvious. Real estate attribute of this kind of change its positive effect is to availably push national economy of further development, it the negative function is to push Gao building price, deviating the real estate is a particularly residential consumption attribute and give district market even the whole national economy bring the bubble turns of risk, then cause the economic crisis and political crisis of larger scope.The real estate market of China is being placed in such an appearance of danger currently in, as a result be subjected to the unprecedented deep concern of the various strata of society. This paper inquiries into the born mechanism and counterplans of real estate bubble from the angle of virtual economy under the macroscopic background, which not only has theories value, but also has important realistic value.This paper did a research on the bubble born mechanism of domestic real estate market in the perspective of virtual economy, under the basic theory frame of market supply relation, carried on a study to the virtual economy relationship with real estate bubble from the theory. First, putting forward the capitalization list price method was the behavior foundation that the real estate conjecture turns, while the virtual characteristic of real estate then studies a theories breakthrough of real estate bubble born mechanism.Then select by examinations a few importance to change to measure from the angle of view of virtual economy, ask for help of supply and demanding theories frame and carried on argument and analysis to the born mechanism of our country real estate bubble.From the need square to see, residents' buying need hobby and need wrong of building and investing the deluge of need inflation and speculation behavior is sharply the key factor that the recent years causes a real estate demand to enlarge;The square comes to see from the supply, our country the monopoly competition of the all levels government's capitalization to the land management and real estate development company is cause land in short supply with the real estate product supply decrease of important factor;On this foundation, expectation of function, finance of excesssive support and real estate market in of matching and striving for the behavior enlarged need and decrease to supply further again, hence supply and demand severity the disequalibrium finally cause our country the real estate bubble of parts of regions.According to above understanding, this text set up our country the basic frame of real estate bubble born mechanism.The end combines this research's analysis for the our country real estate bubble born mechanism, this text put forward to homologously manage counterplan and suggestion, the main way of thinking was reasonable to adjust to control real estate market demands, in the meantime adjustment and norm real estate market supply, carry out classification market, separation thus well balanced.The purpose of this paper is to break the limits of studing real estate bubble from the real economy angle and look for the born essence reason of the real estate bubble from the view of virtual economic and try to make some contribution for the domestic research of real estate bubble and provide some suggestions for the practise of managing of real estate market and help making the real estate market to develop healthyly in China.The contributions of this research are mainly included as follows:The first, the quest ground carried on analysis from the creation mechanism of angle of view to real estate bubble of virtual economy and found out more reasonable explanation for the strong motion of real estate price thus, this also looked for a theories breakthrough for our researched real estate bubbleed problem;The second, the born mechanism of bubble that virtual economic theories and economics supply and demand theories is thus organic to combine, announce to public our country real estate;The third, put forward to categorize a market and separate under the basic theories frame that supply and demanding balanced of conceive;The fourth, under the theories frame of information dissymmetry, from develop the company's tacit understanding and match to strive for, officer's company match to strive for, the commercial bank match to strive for etc. a few on the sides analyzed to turn worse a real estate bubble a little bit born have the factor of Chinese special feature rather.This virtual economy is the entry point of view the formation mechanism of the real estate bubble, and achieved certain results. Theoretical study and practical application from the perspective of this new virtual economy based on the perspective of the real estate bubble are topics at the forefront of contemporary economics. Thus, while this study there are some deficiencies, but the field of theoretical study is in progress and continuous improvement of the process, which is the need to continue to work toward the future.
Keywords/Search Tags:Real Estate Bubble, Virtual Economy, Unbalance between Supply and Demand
PDF Full Text Request
Related items