The Relationship of Housing Price Index in Taipei City and Macroeconomic Index

• Main Authors: Yuan-Hua Lee, 李元華
• Other Authors: 林建甫
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/71428624161574703910

碩士 === 臺灣大學 === 經濟學研究所 === 98 === Abstract The high housing price in Taipei City although causes the investment of real estate enjoys “to maintain the value” and “to earn profit”, also causes the citizen to buy house burden to aggravate and even worry housing price when will collapse. Because the real estate price is subjected to the variety of macroeconomic prosperity and motion, therefore the consideration of macroeconomic factors move relation and influence degree to the housing price in Taipei City is this institute hopes for inquiring. This research designed separately with the Sinyi Housing Price Index and Cathay Real Estate Index to represent the used housing price and pre-sale housing price in Taipei City, makes integration and causality analysis with the four selected macroeconomic variables. And judging which the main factors will influence the housing price in Taipei City. Out of this research summarized the main conclusion of the following two points :(1) The used housing price in Taipei City and selected macroeconomic variables exists a long-term stability of the equilibrium relationship, and individual variable and used housing price in Taipei City exists respectively one-way or two-way influence the lead, behind causation.(2)The pre-sale housing price in Taipei City and selected macroeconomic variables also exists a long-term stability of the equilibrium relationship, and individual variable and pre-sale housing price in Taipei City also exists respectively one-way influence the lead, behind causation.