境外资本进入我国房地产市场影响及监管研究-世界经济学专业论文.docxVIP

啊摘要 摘要 随着房地产市场中外资规模的不断扩大，房地产外资问题已经成为理论界 和实业界共同关注的热点话题。房地产市场对外开放已成必然，随着经济全球 化的不断推进，我国房地产领域还将迎来更大规模的境外资本。展开对房地产 市场中外资问题的深入研究，对维护我国房地产市场长期稳定发展意义重大。 本文采用理论分析与实证分析相结合的研究方法。在理论分析部分，首先 概述了我国房地产业利用外资现状、外资进入渠道及其流入动囚，针对房地产 市场中不同外资参与者，对非居民机构和个人、外商直接投资、外资房地产基 金及外资银行参与房地产市场的影响展开了具体分析。在实证分析部分，本文 运用格兰杰因果检验方法对外资流入与房价上涨之间的关系进行了分析。得出 如下结论:由于房地产外资主要集中在沿海发达地区，且房地产业每年利用外 资在房地产业总投资中的占比过小，因此外资流入对我国房地产价格的影响并 不显著。 在前文研究结论的基础上，本文结合我国房地产外资政策的发展历程，针 对房地产外资存在的问题给出了相应的政策监管建议 t 适当限制非居民置业投 资:正确引导外商直接投资:尽快究善律法、加强外资房地产基金的监管:加 强外资银行资金动向监控，防范热钱借道流入国内。 关键词z 房地产市场:外资:格兰杰因果检验:政策监管 日 日 ABSTRACT ABSTRACT wi由 the domestic and 岛，reign investrnent in the real estate market expanding instantly，the problem of the foreign capiωhas become the hot topic in the theoretica1 and business circles. 丁( open up the real estate market is becoming an inevitable result.At the same time，as the e∞nomybe∞ming global steadily，也ere will be more large-scale forei伊 capital being injected in Chinas real estate field. Soωhave more de叩research on 由.e real es阳也 market will make great significance to its long-term and stable development. 白白阴阳 includes bo由 theoretical analysis and empirical analysis. In the theoretical analysis part，由.e paper summarizes 也e current si阳ation of foreign c叩M in realty business first，and researches on the channel and the motivation of capital inflows into real e剖ate market. Then it ana1yses the influences of non-resident institutions and individuals，foreign direct investment，foreign real estate 位mds and foreign banks who invested in real estate market. In the empirical analysis part，由is paper 阳dies 也e relationship between real estate prices and inflows of forei伊 capital wi也由e grang町 causality test methods. The empirical study shows that the foreign cap阳1 mainly concentrated in developed co附阳1 areas，and the market share of foreign capital is small，ωthe influence of foreign investment to real estate prices is not significant. To combine the above research conclusion with Chinas policies of