Research on Threshold Effect of Housing Price on Real Estate Inventory
摘要：Through the systematic GMM estimation of the panel data of 35 large and medium-sized cities in China from 2005 to 2016, this paper verifies the nonlinear relationship between housing prices and real estate inventory. On this basis, the threshold regression model is established by modifying the econometric model. It is suggested that cities with high real estate inventory should guide the housing price to return to a reasonable range, while cities with low inventory should increase land supply to strengthen housing security.
5th International Conference on Economics,Management,Law and Education（EMLE 2019）