Open AccessFluctuation Effect of Supply and Demand in the Assembled Property Market: An Empirical Analysis of China from 2001 to 2018
Author(s) -
Gangqiang Luo,
Aiqin Wang
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/780/7/072013
Subject(s) - disequilibrium , supply and demand , china , economics , order (exchange) , distortion (music) , property (philosophy) , empirical research , welfare , government (linguistics) , microeconomics , industrial organization , market economy , computer science , philosophy , epistemology , medicine , amplifier , computer network , linguistics , finance , bandwidth (computing) , political science , law , ophthalmology
This paper established the disequilibrium degree model of effective supply and effective demand in the assembled property market. Based on the statistical data from 2001 to 2018, the paper estimated and tested the parameters of the disequilibrium model of effective supply and demand, and calculated the disequilibrium degree of effective supply and demand in China’s assembled property market. The results indicated that China’s assembled property market was not effective and equilibrium, but obviously imbalanced and fluctuated. The research results provided strong empirical evidence for revealing that price distortion was one of the important factors causing the disequilibrium in China’s assembled property market. In order to develop healthily and improve the level of social welfare, the government should take it as a basic policy in the future to eliminate the disequilibrium of effective supply and demand in the assembled property market.