Literature Review of Real Estate Bubble Measurement Methods

Tian Wang
School of Economics, Anyang Normal University

摘要


The real estate industry is the pillar industry of China's economic development, and the excessive bubble in its market will
seriously affect the normal development of the national economy. The rapidly expanding real estate bubble has laid many hidden
dangers for the outbreak of the financial crisis. Therefore, scientific analysis of the bubble in the real estate market and accurate
measurement of the degree of market bubble are the prerequisites for taking appropriate corresponding measures. This article
compares and evaluates the different measurement methods of real estate bubbles by domestic and foreign scholars, and puts forward
reasonable suggestions.

关键词


Real Estate Bubble;Measurement method; Comparative Study

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参考


[1] JA Hausman,1978, Specification test in econometrics [J]. Econometrica, Vol. 46, Issue 6:1251-1271.

[2] Campbell Y. J.& Kyle A. S,1988, Smart Money, Noise Trading, and Stock Price Behavior[R], NBER Technical Working Paper:72-73.


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