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Effectiveness Analysis Of Real Estate Market Macro-control

Posted on:2015-02-10Degree:MasterType:Thesis
Country:ChinaCandidate:R Z ChenFull Text:PDF
GTID:2269330422967869Subject:National Economics
Abstract/Summary:PDF Full Text Request
Real estate is the human survival and development of material security, the so-called "extra persons perseverance",the housing problem is not only related to thepeople live and work in Peace Bureau, but also influence the stabilityand development of society and country. The Chinese government has always beento guarantee and improve the livelihood of the people as the basic criterion, toimplement the Scientific Outlook on Development, constructing socialismharmonious society, and the housing problems of people’s livelihood is thebiggest, let citizen have own house in that our government has made the most solemnpromise. Since the reform and opening up, China has gradually carried out thehousing system reform, the transformation of the road of market competition to thecommercialization of the housing distribution in kind from the system, after thedevelopment of thirty years, our country has formed multi-levelhousing supply system has been initially formed, the citizen’s level of house andquality of living is now obvious growth. At the same time, the rapid development willinevitably bring about the latent danger, in the real estate market reformprocess also exposed many problems, such as the continuing rise in prices nothigh, real estate investment rapidly increases, the industry supply anddemand structure unreasonable problem caused the attention of our government andthe majority of residents. Prices continued to rise, the real estate market overheatingis a hot issue in recent years, the frequent introduction since2003a series of realestate policies will come very naturally attracting people’s attention, but the regulatorypolicy is effective or not, is the regulation and control policies of own shortcomings, or execution problems appeared in the process. A series ofquestions also emerge as the times require.This will be the first on the basis of theory, a series of major regulatorypolicies since2003were summarized; according to different time because of theeconomic development goals and different regulation policies on2003to2012wasdivided, then analyzed segmental empirical, so that the overall regulatorypolicy stage effect; at the same time to choose the real estate finance (interestrates, money supply), tax and land three major regulatory policy, the use of vectorautoregressive(VAR) model of actual effect from2003to2012quarterly time seriesdata on the macro control policy on China’s real estate market supply and demand andprices, effective to the single regulation or policy analysis.The fourth part will be inthe interests of the game between central government, local government and realestate developers of three party based on the perspective of generating andexecuting process of Chinese real estate policies through the qualitative analysis, andfurther the effect of macro-control policies in the real estate market of China is not asignificant reason to carry on the analysis, finally, according to the fourth part of thestudy results in the paper put forward the feasible suggestions, for our country realestate macro-control policy improvement put forward own views, to make acontribution to improvement and use the expected policy.
Keywords/Search Tags:real estate regulation policy, vector autoregressive (VAR) model, the three party game
PDF Full Text Request
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