Papers of The Japan Association for Real Estate Sciences
巻
37
ページ
1 - 8
発行年
2022
ISSN
2434-4478
出版者
日本不動産学会 Japan Association for Real Estate Sciences
抄録
The purpose of this study is to measure the effectiveness of various real estate policies to improve the housing vacancy rate. Shanghai, which is a financially rich city and capable of exactly measuring the policy effects was chosen an example to estimate the contribution rate of real estate policy using a vector autoregressive (VAR) model. From the results of analysis, land policy is ineffective to decrease the vacancy rate, but it turned out that the vacancy rate has conversely affected land policy. Although monetary policy has different effective periods, it had positive effects on vacancy rate.