【摘要】：在我國(guó)城鎮(zhèn)化進(jìn)程加快、房地產(chǎn)市場(chǎng)迅速繁榮城鎮(zhèn)居民消費(fèi)率卻逐年下降的社會(huì)背景下，住宅價(jià)格的波動(dòng)對(duì)居民消費(fèi)支出影響成為財(cái)富效應(yīng)研究的主要方向。 國(guó)內(nèi)對(duì)住宅財(cái)富效應(yīng)研究，多以不同物業(yè)形態(tài)的綜合銷(xiāo)售價(jià)格為變量，而商業(yè)地產(chǎn)、工業(yè)地產(chǎn)等非住宅類(lèi)物業(yè)形態(tài)對(duì)居民收入和消費(fèi)影響較��；同時(shí)，國(guó)內(nèi)對(duì)不同省市的住宅財(cái)富效應(yīng)研究，多從居民收入層次或地理區(qū)域來(lái)劃分小組對(duì)比分析，而未考慮到城鎮(zhèn)化發(fā)展對(duì)住宅市場(chǎng)、居民收入及居民消費(fèi)的影響。因此，，本文選用住宅銷(xiāo)售價(jià)格、居民可支配收入和居民消費(fèi)支出作為研究變量，以消費(fèi)函數(shù)理論和住宅財(cái)富效應(yīng)傳導(dǎo)路徑為理論支撐，采用面板數(shù)據(jù)模型，針對(duì)不同城鎮(zhèn)化率的省市，細(xì)微分析其住宅財(cái)富效應(yīng)的差異，主要包括如下4部分： 第一，對(duì)已有的消費(fèi)函數(shù)理論和住宅市場(chǎng)財(cái)富效應(yīng)的傳導(dǎo)路徑進(jìn)行梳理與歸納，并計(jì)算我國(guó)住宅價(jià)格增長(zhǎng)率、房?jī)r(jià)收入比和城鎮(zhèn)化率，為下文的實(shí)證分析做數(shù)據(jù)支撐。 第二，采用我國(guó)31個(gè)省市2000年-2011年的面板數(shù)據(jù)，建立固定效應(yīng)變系數(shù)模型，實(shí)證檢驗(yàn)各個(gè)省市的住宅財(cái)富效應(yīng)，分析表明：我國(guó)住宅價(jià)格的波動(dòng)上漲抑制了大部分省市的城鎮(zhèn)居民消費(fèi)支出，且不同省市的住宅財(cái)富效應(yīng)差異較大。 第三，依據(jù)不同省市城鎮(zhèn)化水平的差異，將我國(guó)31個(gè)省市面板數(shù)據(jù)分為5個(gè)群組建立模型估計(jì)，并分析5個(gè)群組的住宅財(cái)富效應(yīng)規(guī)律，實(shí)證分析表明：我國(guó)城鎮(zhèn)化水平較低的省份，住宅財(cái)富效應(yīng)顯著為正，而城鎮(zhèn)化水平較高的省份，住宅財(cái)富效應(yīng)顯著為負(fù)。 第四，以住宅財(cái)富效應(yīng)的傳導(dǎo)路徑的角度，通過(guò)減少租房者的預(yù)算約束效應(yīng)、降低中低收入群體的擠出（替代）效應(yīng)、降低住房持有者的流動(dòng)性約束三個(gè)個(gè)方面提出政策建議。
[Abstract]:Under the background of rapid urbanization and rapid prosperity of the real estate market, the consumption rate of urban residents has declined year by year. The impact of the fluctuation of housing prices on the consumption expenditure has become the main research direction of the wealth effect. The domestic research on the property wealth effect mostly takes the comprehensive sale price of different property forms as the variable, while the commercial real estate, industrial real estate and other non-residential property forms have little effect on the residents' income and consumption. At the same time, the domestic research on housing wealth effect in different provinces and cities is divided into groups from the income level or geographical area, without considering the impact of urbanization on the housing market, residents' income and residents' consumption. Therefore, this paper chooses the residential sales price, resident disposable income and resident consumption expenditure as the research variables, with the consumption function theory and the housing wealth effect conduction path as the theoretical support, using panel data model, Aiming at different cities and provinces with different urbanization rate, the difference of housing wealth effect is analyzed in detail, which includes the following four parts: first, the author sorts out and sums up the existing consumption function theory and the conduction path of housing market wealth effect. The rate of housing price growth, the ratio of house price to income and the urbanization rate are calculated to support the empirical analysis below. Secondly, using the panel data of 31 provinces and cities in China from 2000 to 2011, a fixed effect variable coefficient model is established to test the housing wealth effect of each province and city empirically. The analysis shows that the fluctuation of housing price in China inhibits the consumption expenditure of urban residents in most provinces and cities, and the effect of housing wealth varies greatly in different provinces and cities. Thirdly, according to the different urbanization level of different provinces and cities, the panel data of 31 provinces and cities in China are divided into 5 groups to establish model estimation, and analyze the law of housing wealth effect of five groups. The empirical analysis shows that in the provinces with low urbanization level, the effect of housing wealth is significantly positive, while in the provinces with higher urbanization level, the effect of housing wealth is significantly negative. Fourthly, from the perspective of the transmission path of housing wealth effect, three aspects of policy suggestions are put forward by reducing the budget constraint effect of renters, reducing the crowding out (substitution) effect of middle and low income groups, and reducing the liquidity constraints of housing holders.
【學(xué)位授予單位】：西安建筑科技大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類(lèi)號(hào)】：F299.23;F299.21

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 黃靜;屠梅曾;;房地產(chǎn)財(cái)富與消費(fèi):來(lái)自于家庭微觀調(diào)查數(shù)據(jù)的證據(jù)[J];管理世界;2009年07期

2 謝家瑾;;《房地產(chǎn)這十年》系列連載之二 房地產(chǎn)風(fēng)雨兼程起起伏伏之內(nèi)幕[J];城市開(kāi)發(fā);2009年14期

3 佟孟華;仲卓;;基于面板數(shù)據(jù)對(duì)中國(guó)股市價(jià)量關(guān)系的實(shí)證研究[J];河北經(jīng)貿(mào)大學(xué)學(xué)報(bào);2006年05期

4 張存濤;;中國(guó)房地產(chǎn)價(jià)格的財(cái)富效應(yīng)分析[J];價(jià)格理論與實(shí)踐;2006年11期

5 王曾;;房地產(chǎn)正向財(cái)富效應(yīng)形成的條件分析[J];經(jīng)濟(jì)與管理;2011年01期

6 宋勃;;房地產(chǎn)市場(chǎng)財(cái)富效應(yīng)的理論分析和中國(guó)經(jīng)驗(yàn)的實(shí)證檢驗(yàn):1998-2006[J];經(jīng)濟(jì)科學(xué);2007年05期

7 尹志超;甘犁;;中國(guó)住房改革對(duì)家庭耐用品消費(fèi)的影響[J];經(jīng)濟(jì)學(xué)(季刊);2010年01期

8 唐建偉;股票與房地產(chǎn)價(jià)格變化對(duì)消費(fèi)的影響[J];上海金融學(xué)院學(xué)報(bào);2004年01期

9 洪濤;;房地產(chǎn)價(jià)格波動(dòng)與消費(fèi)增長(zhǎng)——基于中國(guó)數(shù)據(jù)的實(shí)證分析及理論解釋[J];南京社會(huì)科學(xué);2006年05期

10 高春亮;周曉艷;;34個(gè)城市的住宅財(cái)富效應(yīng):基于panel data的實(shí)證研究[J];南開(kāi)經(jīng)濟(jì)研究;2007年01期

相關(guān)博士學(xué)位論文 前4條

1 李成武;中國(guó)房地產(chǎn)財(cái)富效應(yīng)的地域性差異及空間特征研究[D];東北財(cái)經(jīng)大學(xué);2010年

2 趙楊;中國(guó)房地產(chǎn)市場(chǎng)財(cái)富效應(yīng)研究[D];吉林大學(xué);2012年

3 錢(qián)淑萍;我國(guó)經(jīng)濟(jì)發(fā)展方式的轉(zhuǎn)變及其財(cái)稅政策研究[D];江西財(cái)經(jīng)大學(xué);2009年

4 孟彥菊;投入產(chǎn)出模型擴(kuò)展研究[D];西南財(cái)經(jīng)大學(xué);2009年

本文編號(hào)：2378153