Research On Chieses Real Estate Macro-Control Policy Operation Process

In our country, the development of real estate market is relatively imperfect due to the shorter experiencing time, and also has different development modes. The real estate markets in many developed countries have grown in slow and perfect course. But in china, the beginning of real estate market developing was accompanying with rapid economic development, there were many problems caused by external stocks that from economic system transformation and macroeconomic development. To solve these problems, government should adopt effective macro-control policy, and the reality was that the theories of Chinese real estate macro-control policies were not consummate; the Macro-control experience (that government carried out) on real estate market was also insufficient. Therefore these aspects theories were urgently needed.In this paper, theoretical analysis and real diagnosis analysis; qualitative analysis and quantitative analysis were used to study real estate macro-control policy works. A more in-depth analysis of china's real estate macro-control policy operation mechanism was carried out by using Multidisciplinary technical knowledge such as policy science, systems theory, game theory, time series analysis technology, and combining features of the real estate industry and actual demands in real estate macro-control process. The real estate macro-control policy and Theoretical basis were summarized. Real estate macro-control policy was systematically analyzed, and subject, object, operating models, operating environment and operation mechanism of real estate macro-control policy have been systematically analyzed. Six formulation models of real estate macro-control policy was summarized and analyzed. A policy formulation model that adapt for our national conditions has been built up. Then the theory how to choose real estate macro-control policy was also analyzed. Tax policy, financial policy and land policy influence mechanisms on real estate market were qualitatively and quantitatively analyzed. A Comprehensive evaluation model of real estate macro-control policy was established and its validity has been demonstrated by recent data of China's real estate market. Finally, some problems during the real estate macro-control policy operations were put forward and some suggestions were given. The research contents concretely as follows:Basic concepts about real estate macro-control policy were defined, such as Macro-control, real estate macro-control policy, Operating Mechanism. real estate macro-control policy property was analyzed. Real estate macro-control goals was summarized into Fundamental goal, long-term goal, and short-term goal, and other goals are phased goals in order to realize the fundamental goal. It is analyzed that economic policy, law policy, administration policy and inspired guide policy together come into being Chinese real estate macro-control policy system. The role path that macro-control policy affects real estate market also analyzed. At last theoretical basis of real estate macro-control policy operation and theory frame design are summarized.Real estate macro-control policy operation system was statically and dynamically analyzed by systems theory. Real estate macro-control policy operation models were built up. The relationship between real estate macro-control policy subject and object was analyzed by game theory. Political Environment, economic environment, social and cultural environment and legal policy environment in which Real estate macro-control policy operates were summarized. At last the operation process that policy has an effect on real estate market was detailedly analyzed and six operation mechanisms were summarized.Chinese real estate macro-control policy-making process was analyzed and real estate macro-control policy-making system was raised, and decision, information, advisory and Monitoring Subsystems constitute the policy making system. Then six policy-making models were summarized and according to Advantages and disadvantages of six models public choice model was built up based on Progressive Decision model, elite decision model and interest group decision model. In the further step real estate macro-control policy choice theory was analyzed, and the policy choice principles were raised, and factors affecting policy choice were summarized, then the policy choice model on Chinese real estate macro-control was built up, at last the complicated relations between real estate macro-control goals and different policy choice was analyzed and noted.Based on real estate and land Four-quadrant models the influence mechanism model that tax policy, monetary policy and land policy affect real estate market was built up. The major changes of key indicators that tax, monetary and land policy brought about in real estate market were quantitatively analyzed by the vector autoregressive model and the impulse response function. The extent to which tax, monetary and land policy separately affected supply, demand and price of real estate was analyzed by error correction model and Variance decomposition method.The comprehensive evaluation model of the effect of real estate macro-control policy, that is, housing price-development status of real estate market model was built up, and evaluation indicators system of real estate market development status was established, then the effect of this real estate macro-control policy was comprehensively evaluated by the real estate market data in china from 1998 to 2006. Then the problems of tax, monetary and land policy and the problems during policy operation were summarized, at last the problems there appeared when the government do policy-making, put the policy into action, and evaluate the policy were analyzed and some corresponding suggestions were put forward.The author studied real estate macro-control policy operating mechanism in this paper. This paper has great theoretical and practical significance for the following reasons, first it will enrich and add real estate macro-control policy theory and methods, then it may improve the level of the government' policy-making policy implementation, and policy evaluation, third it can make the government solve the problems of real estate market in better way, at last it helps real estate market sustained, steady and healthy.