Title :
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
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;
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
DOI :
10.1109/ICMSS.2010.5577111
