| This paper uses the data from January 2001 to December 2014 of three years of a loan interest rate, three to five-year loan interest rate, loan interest rate over five years, the total amount of real estate investment, real estate investment in domestic loans, foreign investment, self funds, other funds, the payables and monthly data for projects for the establishment of a VAR model, Integrated use of the statistical description of the relevant data, the unit root test, co-integration test, Granger causality test, impulse response and variance decomposition method.the first overall impact of interest rate on real estate investments for empirical testing and analysis, the impact of interest rates on the basis of our real estate investment breakdown further studies, the conclusion that:(1) China’s interest rate policy is not effective regulation of real estate investment;(2) changes in China’s real estate investment has reversed itself and inertia;China’s real estate investment to changes in lending rates with a lag;(3) 1-year lending rate to 3 years and 3 years to 5 years loan interest rates have a negative impact on the real estate investment in the self-financing and other funds. Impact;(4) The impact of 3 years to 5 years real estate lending rates overall investment is greater than the impact of 1 year to 3 years and more than 5 years. |
PDF Full Text Request