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International Conference on Engineering and Business Management (EBM 2010 PAPERBACK)

Chengdu,China,China,3.24-3.26,2010

ISBN: 978-1-935068-05-1 Scientific Research Publishing, USA

Paperback 6066pp Pub. Date: March 2010

Category: Engineering

Price: $280

Title: Spatial Econometric Analysis of Housing Price in the City of China
Source: International Conference on Engineering and Business Management (EBM 2010 PAPERBACK) (pp 5470-5473)
Author(s): Huidian LONG, Information School, Guangdong University of Foreign Studies, Guangzhou, P.R.China ;Business School, University of Shanghai for Science and Technology, P.R.China
Guangle YAN, Business School, University of Shanghai for Science and Technology, P.R.China
Haiyan ZHANG, Tianhe College of GuangDong Polytechnic Normal University, Guangzhou, P.R.China
Abstract: Abstract：The real estate market is the important proportion of China’s economy. The price of housing in city is focused by more and more people and scholars. The paper introduced research status of main body of time series analysis which has few of cross-section analysis and especially lacks spatial econometrics analysis. This paper uses spatial econometrics model and analyzes the housing prices in city and its influencing factors based on spatial samples of China's 35 metropolis from January to April in 2009．The results show that there is spatial interdependence of the price of housing in cities, and the housing price is influenced collectively by its neighborhood. The decision-making sector of the government has to consider the spatial interaction mechanism when establishing the housing price policy．
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