| As a basic and leading industry in China,the real estate industry has an indelible effect on the rapid growth of China’s economy.In 1998,China entered the new stage of monetization of housing distribution,and the real estate market entered a stage of steady and rapid development.After 2003,China’s housing prices soared,and housing prices in some cities showed a virtual high.The real estate market entered a period of overheating.The impact of the global financial crisis in 2008,housing prices fell rapidly.The ups and downs of housing prices have had a huge impact on the economy.The central authorities have introduced a number of regulatory policies on the irrational changes in housing prices.Due to the instability of policies and the drawbacks of China’s land fiscal policy,each regulation policy can only be maintained for some time.The high growth of housing prices and housing prices has brought disadvantages to residents’ lives.Therefore,it is extremely urgent to find a real estate control policy that suits China’s national conditions.At the same time,the optimization and upgrading of industrial structure has always been an important task to enhance the efficiency and quality of China’s economic development.The 13 th Five-Year Plan and the 19 th National Congress have proposed to promote the optimization and upgrading of China’s industrial structure.At the "21st" stage,the overall proportion tends to be reasonable,but the structure of each industry still needs structural improvement.So what is the connection between industrial structure changes and real estate prices? This is of great significance for maintaining the stable development of housing prices in the process of industrial structure change in China.Based on the relevant panel data of China from 2004 to 2016,this paper uses STAT-GMM to estimate the impact of industrial structure changes on real estate prices.Firstly,this paper expounds the theoretical basis of industrial structure change and house price,and expounds the mechanism of industrial structure change and real estate price.Then it reviews the history of China’s industrial structure change,analyzes the status quo of industrial structure change and real estate price.Analysis of the status quo;then by using the panel data of 30 provinces(excluding Tibet)from 2004 to 2016,from the two dimensions of industrial structure rationalization and industrial structure advanced analysis,analyze the impact of industrial structure changes on housing prices,and explore the optimization and upgrading of industrial structure The degree of interpretation,cluster analysis of the sample according to the real estate market and economic development level indicators,sub-regional investigation of the impact of industrial structure changes on housing prices.Based on empirical research and analysis,national data and sub-regional data all conclude that industrial structure changes have a significant positive impact on real estate prices,but there are certain regional differences in the impact of industrial structure changes on housing prices between regions,and rationalization of industrial structure.The degree of change in the degree of degree and the degree of change in housing prices is stronger than that in economically underdeveloped regions in economically developed regions.Finally,based on theoretical analysis and empirical results,the following four suggestions are put forward: on the basis of fully considering the industrial structure,the “localization” real estate control policy is implemented,because of the city policy,one city and one policy;it should face up to the housing price increase brought by industrial development.Through the improvement of the housing rental market to solve the housing problems of the employed people in various industries;optimize the regional industrial structure,pay attention to the improvement of human capital quality;improve the local land fiscal policy in China,and accelerate the development of property tax and property tax. |
PDF Full Text Request