A Spatial Econometric Analysis Of Housing Market In China

Using techniques of spatial econometrics, we study the trend of the price of housing market for 30 provinces and cities in China from 1995 to 2004. This paper includes five chapters as follows:Chapter 1 is the introduction of this study. The author analyze the current situation of the housing market in China and present the main problems that will be probe in this study.Chapter 2 is literature review. In this part, the author review both foreign and domestic academic literatures about spatial econometric analysis. The main point is to summarize the models and methods in the field of spatial economics.Chapter 3 is the introduction of spatial economics. The author introduce some important concepts, such as, spatial weights matrix, spatial autocorrelation, Moran Index and so on. It is the base of next chapter.Chapter 4 describes the empirical designs and results of our tests. We use the spatial models in means to analysis the convergence of the housing market in China. And also analyze the causes of this phenomenon.Chapter 5 is the conclusions. Basing the foregoing analysis, we summarize some conclusions and suggestions on policy. And in the end, the author also point out the limits of this study.