Title page for etd-0523114-143749


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URN etd-0523114-143749
Author Yen-Chih Hsu
Author's Email Address No Public.
Statistics This thesis had been viewed 5337 times. Download 781 times.
Department Economics
Year 2013
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title Testing the Housing Prices Bubble Based on the Equal Variance Test: Evidence from Taipei, New Taipei, Taichung and Kaohsiung
Date of Defense 2014-06-19
Page Count 48
Keyword
  • Bubble
  • Housing Prices
  • Equal Variance Test
  • Financial Crisis in 2008
  • Abstract The housing prices have been rising in the main cities of Taiwan after Financial Crisis in 2008. In order to investigate whether the increase of housing price is bubble or not, this paper applies the housing prices model proposed by Peng and Chang (2000). If the housing prices model exists two cointegrating relationships, we have the housing prices are rised by income and money supply when the supply variable of housing function are constant. In order to test the housing prices bubble, this paper applies the equal variance test proposed by Yang et al. (2014). If the cointegrating relationship between housing prices and money supply is closer than housing prices and income, we say the housing price is bubble. The empirical result shows that there is no housing prices bubble in Taipei, New Taipei, Taichung ang Kaohsiung during 2001Q1 to 2008Q4. From 2009Q1 to 2013Q3, Taipei city exists housing prices bubble, New Taipei city is going to be housing prices bubble and Taichung ang Kaohsiung don’t have housing prices bubble.
    Advisory Committee
  • Yung-Ho Hsu - chair
  • Ming-Jang Weng - co-chair
  • Ching-Nun Lee  - advisor
  • Files
  • etd-0523114-143749.pdf
  • indicate access worldwide
    Date of Submission 2014-06-23

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