Title :
The effects of value of city on urban house price: An empirical study based on factor analysis and Panel Data model
Author :
Yang, Jianping ; Li, Zhenxing
Author_Institution :
School of Management, Xi´´an University of Architecture & Technology, China
Abstract :
Based on the panel data of 35 large and medium-sized cities in China from 2004 to 2008, this paper empirically analyses the effects of value of city on urban house price by using the factor analysis and the econometric model of Panel Data. The result of study shows that the value of cites in our country are increasing. The value of city for urban house price is relative. The value of city decides urban house price. The difference of value of the city is reflected in urban house price. Finally, using deviation value evaluates matching degree between value of city and urban house price.
Keywords :
Cities and towns; Data models; Economic indicators; Educational institutions; Indexes; Lead; factor analysis; panel data analysis; urban house price; value of city;
Conference_Titel :
Information Science and Engineering (ICISE), 2010 2nd International Conference on
Conference_Location :
Hangzhou, China
Print_ISBN :
978-1-4244-7616-9
DOI :
10.1109/ICISE.2010.5690435
