DocumentCode
3522482
Title
A Positive Research on the Dynamic Relationship between the Interest Rate and Real Estate Price in China
Author
He, Jing ; Li, Cunpu
Author_Institution
Sch. of Manage., Xi´´an Univ. of Archit. & Technol., Xi´´an, China
fYear
2011
fDate
28-29 May 2011
Firstpage
1
Lastpage
4
Abstract
This article uses the autoregressive distributed lag - Error Correction Model (ARDL-ECM) to analyze the real estate prices and interest rate data from the fourth quarter of 1998 to the first quarter of 2008 .The results show that the interest rate and the real estate prices , in the long run, are negatively related; in the short term, the impact of interest rates on real estate prices lags 2 periods, real estate prices´ effect on itself lags three periods. The results indicate that the impact of interest rates on real estate prices is significant, and its lag on real estate prices has a continuing impact.
Keywords
autoregressive processes; economic indicators; error correction; pricing; property market; China; autoregressive distributed lag; error correction model; interest rate; real estate price; Economic indicators; Equations; Error correction; Industries; Loans and mortgages; Mathematical model; Testing;
fLanguage
English
Publisher
ieee
Conference_Titel
Intelligent Systems and Applications (ISA), 2011 3rd International Workshop on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-9855-0
Electronic_ISBN
978-1-4244-9857-4
Type
conf
DOI
10.1109/ISA.2011.5873458
Filename
5873458
Link To Document