Wang, Y.-L. and Wu, P. (2009) Re-Inspection on the Relationship between Housing Price and Land Price—From the Panel Data of China’s 28 Provinces. NANKAI Economic Studies, No. 4, 131-143.

has been cited by the following article:

• TITLE: A Study on the Interactive Relationship between Housing Price and Land Price in Beijing—From the Perspective of Co-Integration Analysis and Granger Causality Test

  AUTHORS: Qimin Lin, Wenjie Liu, Yang Li, Mingze Zhou

  KEYWORDS: Housing Price, Land Price, Granger Causality Test

  JOURNAL NAME: Open Journal of Social Sciences, Vol.4 No.4, April 21, 2016

  ABSTRACT: Based on VAR model, this paper employs Granger causality test to analyze the interactive relationship between housing price and land price in Beijing. The main conclusions are as follows: 1) there is a positive co-integration relationship between housing price and land price in Beijing. Without considering other factors, housing price rises an average of 0.41 percent when land price rises 1 percent in the long term so that reducing land price is an effective way to lower housing price; 2) the Granger causality between Beijing housing price and land price changes with the length of time, but on the whole, housing price has a relatively larger impact on land price. Hence, the implication for policy makers is that it is more significant for controlling housing price rather than land price.