Alternative Title
一个关于中国房地产的综合性研究：近期房地产贷款市场管控对未来房价和房地产市场的影响
Abstract
Since the Chinese real estate market in China is one critical market that has driven the Chinese economy in the last several decades, the financial risk within the market is consistently accumulated to an over-risky point that the government finally begins to intervene in the market actively. With the recently established regulations on limiting the number of real estate loans, this paper is aiming at seeking a relationship between the real estate loan quantity and the housing price in China by building a VAR-VEC model and applying impulse response analysis and variance decomposing over some time-series data, so that people can get an overall picture on the long-run and short-run effect of these recent polices. The empirical finding supports our theory that a decrease in the real estate loan quantity will decrease the nationwide housing price. The empirical analysis also points out that a decrease in the real estate loan quantity might increase the debt ratio, increase the cost ratio, decreases the financial market trust level, decreases the mortgage rate, and increase the market concentration in the long run.
Advisor
Phil Melizo
Department
Business Economics
Recommended Citation
Huang, Junbo, "A Game of Balance: An Integrated Analysis On The Chinese Housing Market From A Recent Monetary Market Regulation Perspective" (2021). Senior Independent Study Theses. Paper 10071.
https://openworks.wooster.edu/independentstudy/10071
Disciplines
Finance | Macroeconomics | Public Economics | Real Estate
Keywords
China, real estate market, monetary market, real estate loan, monetary regulation for the real estate market
Publication Date
2021
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2021 Junbo Huang