Research On The Impact Of House Price Changes On Industrial Structure

In recent years,China's real estate prices have risen rapidly.The housing(rent)housing expenditure,as an important part of the company's operating costs and the cost of living of the residents,will affect the process of urbanization in the region and will also affect industrial development through factors such as industrial transfer.contact.This article focuses on the analysis of the mechanism of the impact of housing prices on the industrial structure.It not only provides a more meticulous research perspective for the analysis of regional industrial structure changes,but also proposes policy recommendations from the perspective of controlling the rapid rise in housing prices in order to rationalize the industrial structure.This paper estimates the 2003-2015 data of 70 large and medium-sized cities across the country and analyzes the impact of house price changes on the industrial structure.The first chapter mainly elaborates the research background and significance of the article and clarifies the research ideas of the article.Methods,and points out the innovations and deficiencies of the paper;Chapter 2 is the literature review and theoretical basis,from the economic effects of house price changes,the factors that lead to changes in the industrial structure and the impact of price changes on the industrial structure.This article focuses on the theory of house prices,Lewis' economic structure theory and the theory of new economic geography;Chapter 3 puts forward three assumptions of the paper based on the scrutiny of existing literature,and then introduces the construction of empirical models;Chapter 4 from three This mechanism starts with an analysis of the impact of housing prices on the industrial structure,validates the hypotheses,and then conducts a sub-sample test.Chapter 5 is the conclusions and policy recommendations,drawing conclusions on the impact of housing prices on the industrial structure,based on the regulation of national policies.We propose policy recommendations on how to regulate and control the real estate market and optimize the industrial structure in China.Based on the theory and empirical evidence,this article draws the following conclusions: First,rising housing prices as a whole will affect the regional industrial structure,showing a crowding-out effect on the share of the two industries and a boost effect on the proportion of the three industries.Second,the impact of rising housing prices on the industrial structure is reflected in the following two aspects:(1)After considering the mechanism of labor mobility,on the one hand,it eases the crowdingout effect of high housing prices on secondary industries,and on the other hand,it restrains high housing prices.(2)After considering separately the wage level and economic growth,the "extrusion effect" of rising house prices on the proportion of secondary production is weakened,which also inhibits the promotion of the ratio of housing prices to tertiary production.effect.Therefore,the excessive rise in house prices will have an impact on the manufacturing industry in a region and influence the industrial structure of the region by triggering industrial transfer.In view of the research conclusions of this paper,first,we must scientifically determine the target of house price regulation,and adjust the industrial structure according to local conditions.Second,for ordinary labor-intensive cities,we should strictly control the rapid rise in housing prices,and rationally allocate affordable housing through policies such as the government's low-rent housing;for cities with technical labor-intensive cities,we should pay attention to the construction of urban livability.Maintain the housing prices at a high level,increase the transformation of the ecological and humanistic environment,and further optimize public services.Third,rationalize the income distribution system to make up for the rising cost of living.Fourth,pay attention to local advantages,integrate urbanization with the development of the real estate industry,create new economic growth points,and strive to improve the capacity for independent innovation.