The Empirical Study of the Impact of the Development Credit Scale of Real Estate on the Price of Real Estate

摘要

This paper quantificationally analyzes the relationship between the development credit scale and the price of real estate by establishing Panel Data Model to work out the elasticity coefficient of the development credit scale to the price of real estate. The result of the model indicates that the development credit scale has enough contribution to the price change of real estate, and the expansion of the former could boosts comparative rise of the latter significantly. The study supports the policy aiming to adjust the market of real estate in China in recent years. To stop the over fast rise of the price of real estate, one important step is to control the credit scale.