消费与房价关系研究新进展-经济学动态.PDFVIP

＊ 靳 涛　 丁飞 :消费与房价之间关系问题越来越受到人们的关注, 国外已经有不少学者从多个 度 对此进行了研究和检验。本文就国外对该问题的最新研究做了梳理和归纳,试图从理论和实证检 验两方面给出一个相对清晰的概括。总的来看,大部分宏观数据的经验研究证实了房价对消费的 正向拉动作用, 但是以往对此问题的财富效应解释并没有获得学者们的 一致认同;另 一方面, 一些 学者提出的抵押效应渠道越来越受到人们的关注。此外,还有一部分学者从利率和收入预期等 度来解释房价与消费的关系。 :消费与房价　财富效应　抵押效应 　　, 。 。 , 。, 。 ? ,, ?。 Da Rin Hellmann(2002), “Banks as catalysts for indus- Kaboski Logan(200 ), “Factor endowments and the re- trialization”, Journal of Financial Intermediation 11(4):366 turns to skill:New evidence from the American past”, -39 . NBER w orking paper, w 13589. Goldin Katz(2000), “The power of the pill:Oral contra- Lau, L.J.(2003), “Industrialization, innovation and indus- ceptives and w omen s career and marriage decisions”, trial policy”, China Development Forum. NBER w orking paper, w 52 . Markusen Trofimenko (2009 ), “Teaching locals new Gordon, R.J.(2000), “Does the `New Economy measure tricks”, Journal of Development Economics 88(1):120- up to the great inventions of the past ?” NBER w orking pa- 131. per, w 833. O Rourke, K.H.et al.(200 ), “Trade, know ledge, and Gordon, R.J.(2000), “Interpreting the One Big Wavein the industrial revolution”, NBER working paper, w 1305 . U.S.long-term productivity grow th”, NBER w orking Reis, J.(2002), “Human capital and industrialization:The paper, w 52. case of a late comer”, XIII International Congress of Eco- Gordon, R.J.(2002), “Technology and economic perform- nomic H istory. ance in the American economy”, NBER working paper, Temple Voth(1998), “Human capital, equipment invest- w8 1. ment, and industrialization”, European Economic Review Jones, C.I.(1999), “Was an industr