An Empirical Analysis of the Factors Affecting Housing Prices in the Eastern Region, the Central Region, and the Western Region of China Based on Stata Information Processing Technology
Lei Li,
Zinan Hu and
Nawei Qu
Chapter 10 in Internet Finance and Digital Economy:Advances in Digital Economy and Data Analysis Technology, 2023, pp 113-134 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
In this paper, we empirically analyze the factors influencing real estate prices in eastern, central, and western regions of China using Stata Information Data Analysis software with fixed-effects panel regression models (FE) and mixed-effects panel regression models (POOL). We introduce lag variables, write program codes, and gradually analyze the main influencing factors that affect real estate prices in eastern China: The current and previous real estate planned investment, and the previous period’s housing prices. The main influencing factors of real estate prices in central China we analyze are disposable income in the current and previous periods, planned investment in real estate in the current period, and housing prices in the previous period. The factors that we obtained to influence real estate prices in Western China are the amount of planned real estate investment in the current and previous periods, the area of housing completed in the current period, and the house price in the previous period. In general, we find that current and previous real estate planned investments and the current and previous real estate planned investments are the main factors that affect real estate prices in China.
Keywords: Internet Economy; Online Finance; Financial Engineering; Big Data; Blockchain; Supply Chain; E-commerce (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2023
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