An Empirical Study Of Township Population Urbanization On The Supply And Demand Of Real Estate Market

Urbanization and the real estate market are the focus of China's economic development in recent years.Urbanization construction has provided tremendous impetus for China's modernization construction.Urbanization of population is the core content of urbanization.China's urban population reached 790 million in 2018,and the population urbanization rate reached 58.52%.The non-urban population was 590 million,so the future market of the real estate market is still very large,and the development of the real estate market and the urbanization of the township population are closely related to each other.On the one hand,the urbanization of township population has brought about a large number of urban population,directly increasing the demand for real estate,and the agglomeration of various production factors brought about by urbanization will also have an effect on real estate supply.In the long run,population structure and Changes in land resource allocation will also have a profound impact on the demand for the real estate market.On the other hand,the prosperity of the real estate market will also help the urbanization of the township population,and the prosperity of the real estate market will improve the macroeconomic environment of the farmers.The supply of real estate will also create a large number of employment opportunities for the increased urban population.Thereby,the urbanization of the township population will be further promoted,and the urban space environment will be expanded to meet the needs of the urban population.This paper takes 33 large and medium-sized cities and cities in China as the research object,and selects the data from 2010 to 2016 as the analysis data of the whole sample,so as to construct the dynamic panel data based on the selected cross-section data and time series to explore the population urbanization and real estate supply in China.The relationship withdemand.This paper selects the population urbanization rate as an indicator to measure the urbanization of the population.It will establish a dynamic panel data model from two aspects,namely real estate supply and demand,and select the commercial housing completion area and commercial housing sales area as the measure of real estate supply and demand.The indicator data,taking into account other variables will have a certain degree of influence on the main explanatory variables and explanatory variables in this paper.This paper chooses the number of real estate industry personnel,the per capita disposable income of urban residents,and the urbanization of land as the control of this paper.Variables,while considering the impact of China's policies on population urbanization and real estate research,the model introduces fiscal degrees of freedom(financial income/financial expenditure)as a comparative study of the policy variables of this study,and divides the data into national and eastern regions.The analysis of the central and western regions has made the research results more comprehensive and credible.Based on the analysis of the mechanism of population urbanization on the supply and demand of real estate,this paper analyzes the stability of the unit root test and the long-term stability relationship of the covariance test data and the generalized moment estimation(GMM).The data is analyzed to explain the relationship between population urbanization and the supply and demand of China's real estate market from the perspective of data analysis,so that the results are more reliable and intuitive.The analysis results show that:(1)China's real estate market supply and demand are affected by the previous real estate market,and the impact is significant,and has different influences in China's regional scope;(2)in the absence of With the introduction of policy variables,population urbanization has a significant role in promoting the supply and demand of the real estate market;(3)Further research,under the premise of introducing policy variables,population urbanization also has significant supply and demand for real estate.Promote the role,and when the degree of fiscal freedom is below a certain threshold,policy variables will further enhance the role of population urbanization in real estate supply and demand.