An Empirical Analysis of the Influence of Urbanization on Real Estate Price in China

DOI

10.2991/ceed-18.2018.60How to use a DOI?

Keywords

Urbanization; Real Estate Prices; Granger Causality Test; Principal Component Analysis; Regression Model

Abstract

In order to analyze the impact of urbanization on real estate prices in China, this paper uses Eviews7 to test the stationarity and cointegration of time series data and uses 20 for data processing and principal component analysis. According to the comprehensive analysis of the basic functions of cities and towns, the concept of urbanization has been expanded in the light of the internal and external factors in the process of urbanization from four aspects of economic development, social development, living standards, and infrastructure, including the selected eight second-level indicators that describe the speed of urbanization and the quality of development. The principal component score is obtained, and the regression model is determined by the principal component obtained. Finally, according to the results that urbanization has a positive correlation with real estate, and the harmonious development of urbanization has a significant impact on the good development of real estate, the path for China’s urbanization and real estate development is put forward.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chen Bao-guo
AU  - Wang Hai-tao
PY  - 2018/12
DA  - 2018/12
TI  - An Empirical Analysis of the Influence of Urbanization on Real Estate Price in China
BT  - Proceedings of the 1st International Conference on Contemporary Education and Economic Development (CEED 2018)
PB  - Atlantis Press
SP  - 299
EP  - 303
SN  - 2352-5398
UR  - https://doi.org/10.2991/ceed-18.2018.60
DO  - 10.2991/ceed-18.2018.60
ID  - Bao-guo2018/12
ER  -