Abstract
There are many researches focus on the spillover effect of housing price fluctuations. This paper points out that there are three main kinds of research method. One is to test the cointegration relation between house prices; the second is to test the stability of the ratio between local house prices and national average house price; the third way is to construct a Global VAR model to analyze the lagged effects of one district’s housing price fluctuation on the others’. The defects of the former research are figured, and an econometric research in this field will be helpful to make a right decision on real estate macro-controlling policy.
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