The performance evaluation of real estate regulation based on DEA model

Abstract

Since 2003, the Chinese government has strengthened controls on the real estate market. However, the academic circle has controversy on the policy effectiveness of real estate regulation. This paper adopts the data envelopment analysis (DEA) model to carry out system analysis to the effects of the real estate regulation policy during 2003–2008, and uses the statistical data to verify the conclusions. The results show that the real estate regulation of 2008 and 2006 was effective while other years were weak effective, the worst year of regulation performance was in 2007. The real estate regulation in this period is neither with no effectiveness as some public opinion in the early time, nor that with great success as claimed by some officials. These conclusions are helpful for using the instruments of real estate regulation policy in the future.