SPECIAL ISSUE PAPER
Regional Disparity of Real Estate Investment in China: Characteristics and Empirical Study in the Context of Population Aging
Zhi Dong 1
,  
Jiajia Liu 1
,  
Siying Sha 1
,  
Xiuting Li 1
,  
Jichang Dong 1  
 
 
More details
Hide details
1
School of Economics and Management, University of Chinese Academy of Sciences, Beijing, CHINA
Online publish date: 2017-11-21
Publish date: 2017-11-21
 
EURASIA J. Math., Sci Tech. Ed 2017;13(12):7799–7811
KEYWORDS
TOPICS
This article belongs to the special issue "Problems of Application Analysis in Knowledge Management and Science-Mathematics-Education".
ABSTRACT
Using the method that measures regional disparity of economic growth, we calculated the SE, CVs and Theil series of regional real estate investment to analyze the regional disparity of real estate investment. We measured the regional disparity of real estate investment from 1999 to 2012 among China’s economic regions, intra-economic regions and cities in the same province in the context of population aging. We also made empirical analysis on the relationship between real estate investment and GDP using the sample of 231 cities. The result reveals that the absolute difference of real estate investment is increased yearly and the relative difference is gradually reduced. The difference among economic regions or cities in the same province is increasing largely year by year, which is the main component of regional disparity. Due to the different level of regional economic development, the relationship between real estate investment and GDP is varying among cities.
 
REFERENCES (18)
1. Chen, L. N., &Wang, H. (2012). Empirical investigation on the regional interactions of real estate prices in China. Statistical Research, 29(7), 37-43.
2. Donald, T. S. (1964). The utilization of a known coefficient of variation in the estimation procedure. Journal of the American Statistical Association, 59(308), 1225-1226.
3. Fan, Y. W., Yang, L., &Zhao, X. G. (2007). Studies and prospects of the real estate market warning system. Market Modernization, 12, 47-47.
4. Gao, B., &Wang, B. (2008). Empirical analysis on China regional differences in real estate demand elasticity. Modern Economic Science, 30(1), 1-8.
5. He, C. F., &Liang, J. S. (2004). The time and space change in the difference between China’s regional economies: Commercialization, globalization and urbanization. Management World, 8, 8-18.
6. Hsu, M. W. (2016). An analysis of intention to use in innovative product development model through TAM model. EURASIA Journal of Mathematics, Science & Technology Education, 12(3), 487-501.
7. Hu, X. T., Pu, L. J., &Zhao, J. (2010). Discrepancy and the evolution of housing market during the special period: A comparative study of Su-Tong-Xu Cities in jiangsu province. China Land Science, 24(3), 55-59.
8. Kong, X., Huang, L., &Yu, B. (2009). A study on the dynamic durative coordinate relationship between real estate industry and regional economy. Journal of Central University of Finance & Economics, 3, 54-59.
9. Liang, Y. F., & Gao, T. M. (2007). Empirical analysis on real estate price fluctuation in different provinces of China. Economic Research Journal, 8,133-142.
10. Ling, X., &Liu, K. W. (2006). Comparative study on the growth of real estate industry in the east-middle-west. Forward Position in Economics, 4, 17-20.
11. Liu, P. H. (2016). Sociocultural Perspectives on the Internationalization of Research in Mathematics Education: A Survey Based on JRME, ESM, and MTL. Eurasia Journal of Mathematics, Science and Technology Education, 13(3), 911-927.
12. Tan, S. K., &Chen, X. C. (2006). Research on measure method and application of investment discrepancy in the real estate. China Real Estate Finance, 1, 9-12.
13. Tian, C. S., &Wang, Y. (2012). Research on commercial house price disparity based on spatial statistics. Mathematics in Practice and Theory, 42(1), 13-21.
14. Wang, Y. P. (2016). A Study on Kinmen Resident’s Perception of Tourism Development and Culture Heritage Impact. Eurasia Journal of Mathematics, Science & Technology Education, 12(12).
15. Wei, W. X., &Li, Y. (2005). The regional differences of demand in the real estate. Statistical Research, 9, 56-60.
16. Yi, C. D. (2007). Regional disparity of real estate industry in China--analysis based on the first economic census. Economic Geography, 27(6), 981-989.
17. Zanden, J. V., Baten, J., &Foldvari, P. (2014). The changing shape of global inequality 1820–2000: Exploring a new dataset. Review of Income and Wealth, 60(2), 279-297.
18. Zellner, A., &Theil, H. (1962). Three-stage least squares: simultaneous estimation of simultaneous equations. Econometrica, 30(1), 54-78.
eISSN:1305-8223
ISSN:1305-8215