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Analysis of China's real estate prices and macroeconomy based on evolutionary co-spectral method
dc.contributor.author | Li, Juan |
dc.contributor.author | Chen, Xuemin |
dc.date.accessioned | 2015-06-05T16:29:15Z |
dc.date.available | 2015-06-05T16:29:15Z |
dc.date.issued | 2015-04 |
dc.identifier.citation | Li, Juan; Chen, Xuemin. Analysis of China's real estate prices and macroeconomy based on evolutionary co-spectral method. "Journal of Industrial Engineering and Management", Abril 2015, vol. 8, núm. 2, p. 598-614. |
dc.identifier.issn | 2013-0953 |
dc.identifier.uri | http://hdl.handle.net/2099/16596 |
dc.description.abstract | Purpose: This paper investigates the dynamic interaction between the real estate market and the macroeconomic environment of China by use of dynamic coherence function based on co-spectral analysis. Design/methodology/approach: Through a theoretical perspective, the dynamic interrelationship among economic variables at different time intervals (both long and short terms) is analyzed. Findings: The empirical results show that China’s real estate market features a high coherence with the change of the long-term interest rate, employment rate and money supply, while there is a moderate coherence between the real estate market and the inflation rate and economic growth rate, and the coherence between the short-term rate of interest and the real estate market is the lowest. Research implications: Previous researches have some shortcomings. They do not consider the dependence between nonlinear series, but the latter is crucial to avoid the deviation of results. In this paper, we proposed a new method of experience to overcome these shortcomings. Originality/value: The paper provides a reasonable explanation accordingly to different coherences between the real estate market and the macroeconomic variables. |
dc.format.extent | 17 p. |
dc.language.iso | eng |
dc.publisher | OmniaScience |
dc.rights | Attribution-NonCommercial 3.0 Spain |
dc.rights.uri | http://creativecommons.org/licenses/by-nc/3.0/es/ |
dc.subject | Àrees temàtiques de la UPC::Economia i organització d'empreses::Economia sectorial |
dc.subject.lcsh | Real estate business--China |
dc.subject.other | Real estate |
dc.subject.other | monetary policy |
dc.subject.other | Dynamic coherence function |
dc.subject.other | Macroeconomy |
dc.title | Analysis of China's real estate prices and macroeconomy based on evolutionary co-spectral method |
dc.type | Article |
dc.subject.lemac | Negocis immobiliaris -- Xina |
dc.identifier.dl | B-28744-2008 |
dc.description.peerreviewed | Peer Reviewed |
dc.rights.access | Open Access |
local.citation.author | Li, Juan; Chen, Xuemin |
local.citation.publicationName | Journal of Industrial Engineering and Management |
local.citation.volume | 8 |
local.citation.number | 2 |
local.citation.startingPage | 598 |
local.citation.endingPage | 614 |
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2015, vol. 8, núm. 2 [18]
Special Issue – LISS 2014