【摘要】 本文运用省级面板数据实证考察了房地产预售与房地产投资之间的关系。在控制了其他可能影响房地产投资的因素以后,实证结果显示房地产预售与我国房地产总投资水平之间存在着显著的正相关关系,间接证明房地产预售指标反映的开发商过度自信情绪是影响房地产投资的一个重要因素。更多还原

【Abstract】 Using the data of real estate market of provinces and major cities,we study the relationship between real estate pre-sale and real estate investment.Having considered and controlled other elements that may impact on real estate investment,we find there is a significantly positive relationship between real estate pre-sale and real estate total investment.It verifies that overconfidence of developers is a significant factor that has an effect on real estate investment.更多还原