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Efficiency of Chinese Real Estate Market Based on Complexity-Entropy Binary Causal Plane Method
Joint Authors
Zheng, Chengli
Chen, Yan
Cai, Ya
Source
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-01-13
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
Real estate market is a complex system.
A rational real estate market is not only helpful to people's living standards but also beneficial to countries’ macroeconomic stability.
Is Chinese real estate market rational? This paper attempts to study the efficiency of Chinese real estate market by using the complexity-entropy binary causal plane method.
We firstly discuss the formation mechanism of real estate price, which provides a theoretical basis for testing the efficiency, and compute the real estate market efficiency of 70 main Chinese cities.
The results show that neither the whole market nor the main cities have reached the weak efficiency, and the efficiency and complexity of each city are different, and the relationship between them is significantly negative.
In addition, this paper also compares the efficiency and complexity of Chinese real estate market with American real estate market.
Then, some suggestions for the healthy development of Chinese real estate market in the future are put forward.
American Psychological Association (APA)
Chen, Yan& Cai, Ya& Zheng, Chengli. 2020. Efficiency of Chinese Real Estate Market Based on Complexity-Entropy Binary Causal Plane Method. Complexity،Vol. 2020, no. 2020, pp.1-15.
https://search.emarefa.net/detail/BIM-1140012
Modern Language Association (MLA)
Chen, Yan…[et al.]. Efficiency of Chinese Real Estate Market Based on Complexity-Entropy Binary Causal Plane Method. Complexity No. 2020 (2020), pp.1-15.
https://search.emarefa.net/detail/BIM-1140012
American Medical Association (AMA)
Chen, Yan& Cai, Ya& Zheng, Chengli. Efficiency of Chinese Real Estate Market Based on Complexity-Entropy Binary Causal Plane Method. Complexity. 2020. Vol. 2020, no. 2020, pp.1-15.
https://search.emarefa.net/detail/BIM-1140012
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1140012