基于房地产市场内生属性的房价与租金关系实证分析  

Empirical Study on the Relation Between House Prices and Rent on the Basis of the Real Estate Market's Endogenous Properties

作　　者：李宁[1] 

机构地区：[1]南京农业大学中国土地问题研究中心,江苏南京210095

出　　处：《当代经济管理》2014年第3期31-37,共7页Contemporary Economic Management

基　　金：国家自然科学基金项目<城乡统筹发展中土地要素流动及其收益共享的治理机制研究>(71273133);国家社会科学基金重大项目<土地和矿产资源有效供给与高效配置机制研究>(09&ZD046);教育部哲学社会科学研究重大课题攻关项目<我国建设用地总量控制与差别化管理政策研究>(11JZD031)

摘　　要：基于房地产市场内生属性,构建房价租金关系的理论分析框架,运用全国房屋销售和租赁价格指数数据实证分析,结果显示房价在短期和长期都将影响租金水平,但租金对房价影响甚微,折射出房屋销售市场与租赁市场在长期与短期内存在现实分隔,没有呈现良性的互动发展,并从市场属性、宏观经济背景和消费者偏好三方面,对实证与理论之间、国内与国外之间的差异进行了解释,进而针对产生偏离的原因提出了相应的政策建议与今后进一步研究的方向。Constructing a theoretical analysis framework of house renting according to the real estate market's endogenous properties and applying Granger causality test to housing sales price index and the leasing price index, the results show that housing prices will affect renting level in both short and long term, while renting level almost has no effect on housing prices, which implies that there is a gap between house selling and releasing market in both short and long term, lack of sound interactive development. This paper presents explanation for the gap between reality and theoretical analysis, between China and abroad in terms of market properties, macro-economy context and consumers' preference, and puts forward corresponding policy recommendations and further research direction.

关 键 词：房价 租金 投资 消费 内生属性 

分 类 号：F293.35[经济管理—国民经济]