| Summary: | 碩士 === 國立高雄第一科技大學 === 金融研究所 === 103 === This paper is based on time series models, including unit root test, vector autoregressive model, causality tests, forecast error variance decomposition and impulse response analysis to analyze the relations between the population and economics, influence of macroeconomics to housing prices and the relations among these variables from the first quarter of 2001 to the third quarter to 2014. The result shows the population ages 35 to 55 has positive influence on economics growth significantly, and the causality shows the population will affect commodity prices and mortgage rates of home loans, and has interactive relations with money supply. Population, commodity prices, exchange rates, economics, currency and share prices are all positively correlated with housing prices and only housing price index is negatively correlated with mortgage rates of home loans.
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