Research on the Cyclical Fluctuation of Urban Real Estate in China
- DOI
- 10.2991/ceed-18.2018.93How to use a DOI?
- Keywords
- Periodic Fluctuation; Diffusion Index; Principal Component Analysis
- Abstract
The impact of the real estate industry on the world economy is unprecedented. Just as the institutional changes in the real estate and mortgage markets in the United States have already had a significant impact on the conduction of monetary policy and the vitality of the economic cycle. As the world’s second largest economy, China’s real estate market’s impact on the global economy cannot be ignored. However, the uniqueness of the Chinese real estate market and the weakness of the data base have greatly increased the difficulty of real estate cycle research. The existing research literature on the cyclical changes in China’s real estate market is mostly at the macro level. Based on the concept and theory, this paper analyzed the characteristics of cyclical fluctuations in the real estate market and its influencing factors. Combined with the official data of China National Bureau of Statistics and Local Bureau of Statistics, the authors analyzed the real estate cycle of a metropolitan area in southeastern China by using the composite index composed of diffusion index and principal component analysis, which provides research ideas for real estate development and regional economic development research, and provides the basis for the development of macro-control policies.
- 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/).
Cite this article
TY - CONF AU - Chang Jiang AU - Chen Guo-tie PY - 2018/12 DA - 2018/12 TI - Research on the Cyclical Fluctuation of Urban Real Estate in China BT - Proceedings of the 1st International Conference on Contemporary Education and Economic Development (CEED 2018) PB - Atlantis Press SP - 477 EP - 481 SN - 2352-5398 UR - https://doi.org/10.2991/ceed-18.2018.93 DO - 10.2991/ceed-18.2018.93 ID - Jiang2018/12 ER -