Analysis of the Relationship between Land Prices and Housing Prices Based on Granger Causality Analysis Model

Author

Zhu, Jina-Jun ; Li, Qi-Ming ; Lv, Sai-Nan

Author_Institution

Dept. of Constr. Manage. & Real Estate, Southeast Univ., Nanjing, China

fYear

2010

fDate

24-26 Aug. 2010

Firstpage

1

Lastpage

4

Abstract

The relationship between land prices and housing prices has been concerned debated widely by public society for a long time. This article first reviewed the domestic and foreign literature about the relationship between land prices and housing prices. Then, collect the national land prices index and the housing prices index from 2000 Q1 to 2009 Q3 as the basic data, and analyze the relationship between the land prices and housing prices with the reciprocity empirical methods, through applying a series of econometric methods such as ADF test, co-integration test, Granger causality test and so on.

Keywords

pricing; time series; Granger causality analysis model; augmented Dickey-Fuller test; econometric method; national housing prices index; national land prices index; public society; reciprocity empirical method; Analytical models; Biological system modeling; Error correction; Indexes; Mathematical model; Software; Time series analysis;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science (MASS), 2010 International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-5325-2

Electronic_ISBN

978-1-4244-5326-9

Type

conf

DOI

10.1109/ICMSS.2010.5577111

Filename

5577111