本文關(guān)鍵詞：我國不同收入戶水平下的房地產(chǎn)財富效應(yīng)分析　出處：《華中師范大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 房地產(chǎn)市場 財富效應(yīng) 不同收入水平 房價收入比

【摘要】：近年來隨著全球資產(chǎn)市場的起伏變化,資產(chǎn)價格的波動與居民消費之間的關(guān)系受到了學(xué)界的關(guān)注,資產(chǎn)價格波動引發(fā)居民消費支出的變化已成為國際經(jīng)濟(jì)學(xué)界尤其是宏觀政策研究的一個重點。房產(chǎn)作為家庭的大宗財富,也是居民家庭的重要消費支出。隨著房地產(chǎn)的投資屬性的逐步顯現(xiàn),其價格的波動勢必會對居民及宏觀經(jīng)濟(jì)的產(chǎn)生十分顯著的影響。國外對財富效應(yīng)理論的研究比較早,理論也在不斷發(fā)展之中。 我國房地產(chǎn)市場是個新興市場。自1998年實行住房體制改革以來,住房市場發(fā)展迅速,住宅商品房投資額和銷售額占國民收入的比重呈逐年提高的趨勢,并逐步成為國民經(jīng)濟(jì)的支柱產(chǎn)業(yè)。截止2012年,全國完成房地產(chǎn)開發(fā)投資36232億元,相對于1998年的3614億元,增長了9倍。全國住宅銷售面從1998年的10827.10萬m3提高到2012年的96528.41萬m3,全國住房平均銷售價格也從1854元／m3上漲到4993元m3。但與此相伴,居民收入的增長卻不及住房價格的增長速度,住房問題逐漸成為社會難題。由于住房消費的大幅增加擠占其他社會生活消費品的消費空間,消費能力低迷也已成為制約我國經(jīng)濟(jì)結(jié)構(gòu)轉(zhuǎn)型和可持續(xù)發(fā)展的突出問題之一。房價持續(xù)上漲,對經(jīng)濟(jì)發(fā)展和財政收入做出了重要貢獻(xiàn),但持續(xù)的過熱也給社會經(jīng)濟(jì)發(fā)展帶來了諸多負(fù)面影響。黨的十八大也將著力提高居民消費能力和消費水平作為政府工作的重要內(nèi)容。因此本文通過在將住宅類型分類的基礎(chǔ)上,嘗試對住房消費人群進(jìn)行區(qū)分,從不同收入角度研究房地產(chǎn)財富效應(yīng),以期對居民的住房和消費政策的有一些啟發(fā)。 本文共分為五章：在回顧國內(nèi)外學(xué)者關(guān)于股市和房地產(chǎn)財富效應(yīng)的相關(guān)研究成果的基礎(chǔ)上,回顧了財富理論的發(fā)展歷史及財富效應(yīng)的傳導(dǎo)機(jī)制,然后運用財富模型對我國近些年的統(tǒng)計數(shù)據(jù)進(jìn)行實證研究,研究結(jié)果表明：我國房地產(chǎn)市場的財富效應(yīng)總體不明顯,其中高檔住房的財富效應(yīng)為負(fù)值,是造成整個房地產(chǎn)市場財富效應(yīng)不明顯的主要原因。影響我國消費需求的主導(dǎo)作用是居民收入水平,因此只有穩(wěn)定居民收入預(yù)期,不斷提高居民收入水平才是促進(jìn)我國消費增長的根本途徑。
[Abstract]:In recent years, with the ups and downs of the global asset market, the relationship between the fluctuation of asset prices and residents' consumption has attracted the attention of scholars. The change of consumer expenditure caused by the fluctuation of asset price has become a key point in the international economic circle, especially in the macro-policy research. Real estate as a large wealth of households. Is also an important consumer expenditure of households. With the property of real estate investment gradually appear. The fluctuation of its price is bound to have a very significant impact on the residents and the macro-economy. The theory of wealth effect has been studied early in foreign countries and the theory is developing constantly. The real estate market of our country is a new market. Since the reform of housing system in 1998, the housing market has developed rapidly, and the proportion of investment and sales of commercial housing in national income has been increasing year by year. And gradually become the pillar industry of the national economy. By 2012, the whole country completed the real estate development investment of three tillion six hundred and twenty-three billion two hundred million yuan, compared with 361.4 billion yuan in 1998. The national residential sales area increased from one hundred and eight million two hundred and seventy-one thousand m3 in 1998 to nine hundred and sixty-five million two hundred and eighty-four thousand and one hundred m3 in 2012. The national average sales price of housing has also risen from 1854 yuan / m3 to 4993 yuan / m3, but with this, the income of the residents has not increased as fast as the housing price. The housing problem has gradually become a social problem. Because of the large increase of housing consumption, it occupies the consumption space of other consumer goods of social life. The low consumption ability has also become one of the outstanding problems that restrict the economic structure transformation and sustainable development of our country. The house price continues to rise, which has made important contribution to the economic development and the financial revenue. However, the persistent overheating has also brought many negative effects to the social and economic development. The 18 National Congress of the Communist Party of China will also focus on improving the residents' consumption ability and consumption level as an important part of the government's work. On the basis of classification. This paper tries to distinguish the housing consumers and study the wealth effect of real estate from different income points in order to enlighten the residents' housing and consumption policies. This paper is divided into five chapters: on the basis of reviewing the domestic and foreign scholars on the stock market and real estate wealth effect related research results, reviewed the wealth theory development history and wealth effect transmission mechanism. Then we use the wealth model to carry on the empirical research to the statistics data of our country in recent years, the research result shows: the wealth effect of the real estate market in our country is not obvious in the whole, the wealth effect of the upscale housing is negative value. It is the main reason that the wealth effect of the whole real estate market is not obvious. The leading effect of affecting the consumption demand of our country is the income level of the residents, so it is only to stabilize the income expectation of the residents. To improve the income level of residents is the fundamental way to promote the growth of consumption in China.
【學(xué)位授予單位】：華中師范大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F299.23

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本文編號：1399511