Government Intervention In The Real Estate Market Timing And Policy Mix Design

In recent years, The real estate market in China is developing with a concernable fluctuation. Should government intervention has to be done, when, and how much intervention should to be done, and the intervention field of state and local government, these questions were argued by people. There are many things need to be further investigated. This paper mostly focuse on following two questions: the timing of government has to intervene the real estate market and how to do it (policy combination).At first, the research analysized the real estate development status in China.Secondly, made a systematic summary of the study about domestic and foreign real estate bubble, monitoring and early warning system and government intervention. By comparing a variety of real estate early-warning theories, this paper combined and improved PCAM (Principal Component Analysising Method) and BP-NM (BP Neural-Network Method) as the real estate early-warning method in this paper.Thirdly, alalysised policy of state and local government intervention in the real estate market, and evaluated it.Next, focused on policy combination design work, and carried out the principles, methods and applications of policy combination design work.Finally, through real case analysis to prove that using the method which combined PCAM and BP-NM to determine the timing of government intervention in the real estate market is feasible, and put forward own views on the policy combination of government intervention in the real estate market.