Investment Trend and Influential Factors Research in Xi’an Real Estate Development - Based on BACE

DOI

10.2991/icmmct-18.2018.69How to use a DOI?

Keywords

Real estate investment( REINV), Classic Bayes estimate, Error correction model

Abstract

According to the macroeconomic data in Xi’an real estate industry from 1988 to 2016, the long-term development and short-term fluctuations of real estate investment (REINV) conform to the following rules: firstly, continue their own developmental inertias; secondly, the impact on Xi’an REINV mainly comes from the comprehensive effect of social fixed investment, real estate stock and per capita consumption expenditure. In the long-term equilibrium model, per capita consumption expenditure and social fixed investment have a greater impact on the development investment, and are positively correlated - 0.67 units changes in per capita consumption expiture will cause an unit change in REINV. Meanwhile, real estate stock is negatively correlated to REINV. Viewed from the short term, the simultaneous fluctuations in per capita consumption expenditure, social fixed investment and real estate stock these three factors will certainly bring about big changes in the current investment on Xi’an real estate development, and will be balanced within two years.

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  - Zhiwei Shao
PY  - 2018/06
DA  - 2018/06
TI  - Investment Trend and Influential Factors Research in Xi’an Real Estate Development - Based on BACE
BT  - Proceedings of the 2018 6th International Conference on Machinery, Materials and Computing Technology (ICMMCT 2018)
PB  - Atlantis Press
SP  - 352
EP  - 358
SN  - 2352-5401
UR  - https://doi.org/10.2991/icmmct-18.2018.69
DO  - 10.2991/icmmct-18.2018.69
ID  - Shao2018/06
ER  -