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The Influence Of Real Estate Price Fluctuation On Residents’ Income Gap Based On CGE Model

Posted on:2018-11-26Degree:MasterType:Thesis
Country:ChinaCandidate:M E WangFull Text:PDF
GTID:2359330533468343Subject:Engineering economics and management
Abstract/Summary:
Since the implementation of housing distribution monetization,the real estate industry in Shaanxi Province has made rapid development,real estate prices also will continue to rise.Excessive housing prices not only increase the burden on urban households,but also through the effects of asset prices and the various sectors of the economic system,eventually leading to changes in household income.Residents income gap is essential to the stable development of society,and real estate price fluctuations as an important economic phenomenon in recent years,it is great theoretical and practical significance to study how the effects of real estate price fluctuation on the income gap and the income of various types of residents.In addition,the existing research level mostly regional or national level,less depth to the provincial level.Therefore,it is necessary to systematically analyze the impact of real estate price fluctuation on the income gap of the residents from the provincial level.Based on the summary of domestic and foreign literature,according to the relevant theoretical basis of real estate price fluctuation and income gap,this paper analyzes the influence mechanism of real estate price fluctuation on income gap from five aspects:wealth effect,inflation effect and so on.Then,through the statistical data of Shaanxi Province from 2000 to 2015,the real estate price fluctuation situation in Shaanxi Province,the income and income gap of urban and urban residents were described.Finally,given the complex relationship between the real estate industry and the economic system,based on the social accounting matrix data,the effect of the real estate price on the income gap of Shaanxi residents is simulated and analyzed byconstructing the general equilibrium model of Shaanxi Province.Draw the following main conclusions:(1)Rising real estate prices have a positive effect on sectoral output and macroeconomic variables other than CPI,and the decline in sector output and macroeconomic variables has a negative impact and the impact is greater as the volatility increases Strengthen,and the real estate industry associated with the high impact of the industry is relatively large.Real estate prices fell more impact.(2)The rise and fall of real estate prices will result in a decrease in the income of the residents,which will increase with the increase of the fluctuation range,and the position of the residents for the first time will be different.Therefore,according to this situation we determine the scope of real estate price fluctuations,making the price fluctuations on the negative impact of the residents to minimize the income.(3)The impact of real estate price fluctuation on the income gap of the residents is strengthened with the increase of the fluctuation range.The increase will lead to the widening of the income gap between the urban residents and the opposite.Real estate prices on the income gap between urban and rural residents is not large,and the price decline will narrow the income gap between urban and rural residents.
Keywords/Search Tags:Fluctuation of Real Estate Price, Residents’ income, The Income Gap Between Residents, Computable General Equilibrium
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