Efficiency Evaluation Of Macro-Control For Real Estate Industry

The global economic crisis initiated by American secondary loan crisis in 2007, has made domestic and international economic environment deteriorate rapidly after 2008. As a pillar industry of national economy, downbeat of the real estate industry will severely restrict the development of national economy. Governments at all levels unveiled many regulation policies to encourage and guide the development of the real estate industry in the second half year of 2008, hoping the domestic economy to get rid of the global economic crisis as soon as possible. The effectiveness of these macro-policies is the research object of this paper.The main research contents and conclusion are mainly reflected in two aspects:(1) Through analyzing the real estate market situation, and explaining the imbalanced of the current real estate market, the reasons of market failure in the real estate are interpreted. The process of government macro-control is revealed through analyzing the incomplete information game in the current real estate market of government, developers and consumers.(2) By analysis the market data in pre and post macro-control by Beijing, Shenzhen, Hangzhou, Wuhan and Xi'an five domestic cities, and quantitative analysis of the effect of the real estate market macro-control policies, the logistic regression analysis model is established. Effectiveness of industrial policy, credit policy, fiscal policy and land policy are evaluated. And the conclusion is that the real estate market shows clear recovery in the short term by the industry policy, fiscal policy and monetary policy. However, some of the regulation policy effect are not obvious. Through a long-term observation, the effectiveness of land policy can be determined. In this dissertation, the effectiveness of the real estate market macro-control policies is studied, which enriches the theoretical methods of the real estate market macro-control policies. It is also helpful to improve policy making ability of government department. There will be theory value and practical significance for perfecting China's socialist market economy system.