感性因子对房地产市场投资的影响分析——基于1998-2008年中国31个省份的房地产市场面板数据  

Impact of Emotional Factors on the Real Estate Market Investment Analysis——Based on the 31 Provinces' Panel Data of Real Estate Market from 1998 to 2008

作　　者：林晓羽[1] 

机构地区：[1]福州大学至诚学院,福建福州350003

出　　处：《福建金融管理干部学院学报》2009年第4期33-39,共7页Journal of Fujian Institute of Financial Administrators

摘　　要：投资者在房地产投资过程中可能受到的认知、信念、情感、态度等一系列的心理特征因素归纳为感性因子。房地产价格面板数据模型检验结果显示房地产价格的波动主要受前一期房地产价格波动的影响,属于感性因子的一种表现。房地产价格和房地产交易量之间的格兰杰因果关系检验方程表明房地产价格的波动是造成房地产交易量的格兰杰因,而房地产交易量的波动对房地产价格波动的影响在统计上不显著。Emotional factors are series of mental features of cognition, faith, affection, attitude felt by real estate investors during investment. The test result of real estate price panel data model this models has shown the current price functuatio is affected the price of the previous period.The equations of panel data＇s granger causality test about price and volume indicate that the price volatility is the granger reason for the volume, but the volatility of real estate volume is not.

关 键 词：房地产市场 感性因子 面板数据 格兰杰因果关系检验 

分 类 号：F293.30[经济管理—国民经济]