北京住宅市场挂牌价格和成交价格的关系研究

he relationship between listing price and transaction price in Beijing housing market was calculated by Hedonic price index method. In accordance with micro-data of Beijing housing market, monthly price index was estimated by Hedonic price index method , which means two Hedonic models that listing price and transaction price were chosen as dependent variable respectively were separately established and two price index series were computed through regression coefficient of time dummy variable. Additionally, the relationship between the two prices was analysed through co-integration text, error correction model and granger causality text. Eventually, the result showed that the relationship between listing price and transaction price of Beijing housing market was long-term balanced, but the causal relationship was diverse in different lag periods. As a consequence, some pertinent suggestions about improving market transparency and enhancing housing liquidity were listed out.