The Analysis of the Impacts of Housing Price Fluctuation on Residents' Consumption in Our Country

DOI

10.2991/msmi-16.2016.77How to use a DOI?

Keywords

House Price, Consumer Demand, Policy Suggestion.

Abstract

In this article, we took the 24 region as the research object, selected the annual data from 2000 to 2014, and set up a panel data model, to analyze how the price fluctuations influence the major urban resident consumption from the wealth effect and crowding out effect. Research shows that the rise of house price will lead to a rise trend in consumer demand, Put forward a certain theoretical basis for our government's real estate control policies. The innovation of this article is showing the impact of changes in housing prices on the consumptions of residents from the perspectives of income effect and wealth effect, and the model is analyzed by using the panel data.

Copyright

© 2016, 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  - Qian-Wen Zhang
AU  - Feng Shen
PY  - 2016/08
DA  - 2016/08
TI  - The Analysis of the Impacts of Housing Price Fluctuation on Residents' Consumption in Our Country
BT  - Proceedings of the 2016 International Conference on Management Science and Management Innovation
PB  - Atlantis Press
SP  - 330
EP  - 333
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-16.2016.77
DO  - 10.2991/msmi-16.2016.77
ID  - Zhang2016/08
ER  -