利率政策对我国房地产价格影响的区域差异性研究区域经济学专业论文.docxVIP

II II Abstract Since 1999 when the housing system had been reformed, the market operation system has formed gradually, while the scale and the speed of investment in real estate are increasing, with the real estate price rising. Real estate has gradually developed into the pillar industry in China, which is related to the development of many industries. At the same time, it is not only the source of power supporting the sustainable growth of GDP, but also the important role for the construction of the well-off society and the economic development. However, in the development process of real estate, high real estate prices are bad not only to the healthy and stable development of real estate industry, but also the sustainable development of national economy. As the major macro control policy of real estate market interest rate policy plays a vital role for the steady and health development of real estate market. Firstly, this paper reviews the relevant research results of the domestic and international scholars in view of the real estate prices’ influence made from the monetary policy. Then, it analyzes the theory on interest rate policy making the macroeconomic regulation to real estate market on the basis, and expounds the necessity and the transmission mechanism on interest rate policy and the real estate market regulation. By the analysis of theory, this paper is based on real estate and related economic operation data. While it introduces the control process of interest rate policy to real estate market, divides real estate market into three regions which are the east region, central region and west region, and makes the analysis of the present situation of real estate as well as the contrast. Then, for the influence of interest rate to regional real estate price, we establish an empirical model to make regression analysis. The empirical results show that the effect of interest rate is different with each region. For the east part, there is positive relation