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An Empirical Analysis Of The Effects Of Nanjing Demographic Factors On City Housing Price

Posted on:2019-04-15Degree:MasterType:Thesis
Country:ChinaCandidate:X ZhangFull Text:PDF
GTID:2347330542954508Subject:Applied statistics
Abstract/Summary:PDF Full Text Request
Housing has always been concerned by the general public.The marketization of urban housing reform was launched in an all-round way in 1998.Housing allocation gradually transferred to the monetary compensation by the material object.With the diversification of the demand,housing has become a hot issue.In recent years,as income goes up,people's desire to improve their living environment is getting stronger.Besides,due to the lack of investment channels,the marketization of housing in our country has just begun and many policies are not in place what make small investment in housing and large income so that housing prices continued to rise in towns.As the old saying goes that live and work in peace and contentment,the rising house-price has had a serious impact on people's lives and social stability.Although many policies has been published by goverments,but the housing price is still growing fast.The rapid growth of house prices has become a hot issue to be solved.In recent years,Chinese population structure and population quality has changed a lot.Demographic dividend is also gradually disappearing with the aging of the population.The population problem has become a serious social problem in our country.The rapid development of economy has promoted the process of urbanization,but it also changed the urban and rural structure of our population.With the rapid growth of urban population,people's demand for housing can not be met which leads to a rise in house prise.In this study,both hot social issues of urban housing prices are combined to analysis with the help of multipe stepwise regression,co-integration test,error correction mode,and it is found that the population factors have the following effects on the housing price.In terms of demographic,regardless of the long-term or short-term,the raising of the ratio and the number of households has an inhibitory effect on the housing prices of Nanjing,and the increase in urban population will push up the price of commercial housing in Nanjing,but the increase of per capita disposable income and natural growth rate will promote the rising of housing prices in Nanjing for a long time,and has no effect on the housing prices in a short time.Both the per capita education funds and life expectancy have positive correlation with the housing price in the long term.In the short term,the increase of per capita education expenditure has a positive effect on the housing prices,and the change of per capita life expectancy has not effect on the price of housing in a short time.Based on these results,four policy suggestions on the development of Nanjing City,the future housing development and comprehensive development of city population are put forward.First,two-child policy should be liberalized timely.Second,adjust the residential area.Third,people's income and enhance consumer confidence need to be increased.Forth,limit the population number should.Fifth,accelerate the urban service equalization process to ensure Nanjing housing prices remain in appropriate level.
Keywords/Search Tags:Population Structure, Population Quality, Housing Price, Co-integration test, Error Correction Mode
PDF Full Text Request
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