Real Estate Policy Analysis on Vacancy Rate in Shanghai by VAR Model
| Autor: | Fan, Jimin, Fujisawa, Mieko |
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| Jazyk: | japonština |
| Rok vydání: | 2022 |
| Předmět: | |
| Zdroj: | 日本不動産学会学術講演会論文集 = Papers of The Japan Association for Real Estate Sciences. 37:1-8 |
| ISSN: | 2434-4478 |
| Popis: | 金沢大学人間社会研究域経済学経営学系 The purpose of this study is to measure the effectiveness of various real estate policies to improve the housing vacancy rate. Shanghai, which is a financially rich city and capable of exactly measuring the policy effects was chosen an example to estimate the contribution rate of real estate policy using a vector autoregressive (VAR) model. From the results of analysis, land policy is ineffective to decrease the vacancy rate, but it turned out that the vacancy rate has conversely affected land policy. Although monetary policy has different effective periods, it had positive effects on vacancy rate. |
| Databáze: | OpenAIRE |
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