留学生assignment要求:The Impact of Macroeconomic Factors on Irish Residential Property Price

发布时间:2022-04-29 09:28:09 论文编辑:zhenzhen1116

本文是留学生assignment范例,题目是“The Impact of Macroeconomic Factors on Irish Residential Property Price(宏观经济因素对爱尔兰住宅地产价格的影响)”,本文的目的是建立爱尔兰近年来住宅物业价格宏观经济影响因素的线性模型,选取6个宏观经济指标作为方程的初始进口自变量,并对住宅物业价格进行了初步的多元线性回归分析,解决了自变量之间的多重共线性问题。

assignment代写

Abstract 摘要

The purpose of this paper is to establish a linear model of the macroeconomic influencing factors of residential property prices in Ireland in recent years, select 6 macroeconomic indicators as the initial import independent variable of the equation, and carry out a preliminary multivariate linear regression analysis with the residential property price to solve the problem of multiple collinearity between the independent variables.

Then select two independent variables and the residential property price to establish a multivariate linear regression equation and analyze the regression results. In addition, use the actual data to test the established equation and draw the conclusion that the equation has a positive effect, thus, it will point out the application value of the equation.

然后选取两个自变量和住宅物业价格建立多元线性回归方程,并对回归结果进行分析。此外,利用实际数据对建立的方程进行检验,得出方程具有积极作用的结论,从而指出方程的应用价值。

英文作业代写

1.Background and Rationale背景和理论基础

In recent years, Ireland's real estate market has been very prosperous, and attracting a lot of capital inflows in Irish market, so that the residential property prices have appeared dramatically rapid growth. Thus, it has affecting the healthy development of the national economy. In addition, this also restrict the improvement of the quality of life of residents. Therefore, the phenomenon of overheating in the residential property market has attracted extensive attention in Ireland. In theory, the residential property price is influenced by construction cost, macro-economic factor, social factor, population factor, policy system, supply and demand change, and etc.

近年来,爱尔兰的房地产市场一直非常繁荣,吸引了大量的资金流入爱尔兰市场,使得爱尔兰的住宅房地产价格出现了急剧的快速增长。因此,它已经影响了国民经济的健康发展。此外,这也制约了居民生活质量的提高。因此,住宅地产市场过热的现象在爱尔兰引起了广泛的关注。理论上,住宅物业价格受建设成本、宏观经济因素、社会因素、人口因素、政策体系、供求变化等因素的影响。

However, this paper will focus on explore the impact of macroeconomic factors on Irish residential property prices due to it normally play the crucial role in development of property prices.

2.Literature Review文献综述

The history of the development of the real estate market in most countries is long, the market mechanism is perfect, and the research on the real estate market is relatively comprehensive. In terms of the influencing factors of real estate price, most of the scholars are not only emphasize the effect of government factors but also pay attention to the influence of market mechanism on real estate price. It has been pointed out that there is relationship between property prices, income and interest rates in Sweden, the changes in the level of income will leading the changes in property price, however the property price has less effect on the income levels.

大多数国家的房地产市场发展历史悠久,市场机制完善,对房地产市场的研究也比较全面。在房地产价格的影响因素方面,大多数学者不仅强调政府因素的作用,而且还关注市场机制对房地产价格的影响。有人指出,瑞典的房价、收入和利率之间存在关系,收入水平的变化会导致房价的变化,但房价对收入水平的影响较小。

In United Kingdom, the income levels and property price are the interrelationship of cause and effect (Bharat and Zan, 2003).

According to an analysis by Kostas and Haibin (2004), using real estate price, inflation on Consumer Price Index, growth rate of Gross Domestic Product (GDP) and interest rate in short term to established the model, the results of study shows that inflation is the main influence factor of real estate price, and the influence of income on real estate price can be neglected.  Bojan and Darja (2016) are using multiple linear regression moodle, and focused on macroeconomic factors, “which are unemployment rate, the current account of the country stock index, gross domestic product and industrial production are significantly associated with property price in relation to the different cultural environments: Slovenia, Greece, France, Poland and Norway.” The result is that there are statistically significant correlations between the prices of residential real estate and selected macroeconomic factors.

3.Research Gap研究的差距

From the above literature review shows that the macroeconomic factors affecting the real estate price are very complicated, and different scholars have differences in choosing the influencing factors of the real estate market. Most of scholars were only analyze their influence on the real estate price from a certain angle or focused on some of variables.

从以上的文献综述可以看出,影响房地产价格的宏观经济因素是非常复杂的,不同的学者在选择房地产市场的影响因素上存在差异。大多数学者只是从一个特定的角度来分析他们对房地产价格的影响,或者关注一些变量。

However, there are not much research to analysis the relationship between growth rate of income, growth rate of GDP, inflation rate, national house construction cost index and residential property price index.

Therefore, this paper will study how each of the macroeconomic factors changes in percentage to effects on Irish residential property price. The period will be from 2005 to 2017, so that it can include the factor of inflation in 2008.

4.Research Method研究方法

This paper will draw lessons from the others’results of literature, adopt the same method of measurement and analysis, combined with the actual situation of the Irish residential property market, to finalize the main macroeconomic factors.

本文将借鉴其他文献的结果,采用相同的测量和分析方法,结合爱尔兰住宅地产市场的实际情况,确定主要的宏观经济因素。

5.Research Difficulties 研究的困难

Firstly, most of Ireland’s property market data is scattered data, thus, this study will try to use more recent data to analyze, so that it will have a better reflect of current situation in the Irish market.Secondly, at present, all of the understand are only from the existing literature analysis, so that the more special and systematic study of the influence factors of Irish property price and the comprehensive evaluation of property price need to be read.

首先,爱尔兰的房地产市场数据大多是零散的数据,因此,本研究将尝试使用更近期的数据进行分析,以便更好地反映爱尔兰市场的现状。其次,目前所有的了解都只是从现有的文献分析,需要阅读更专门和系统的研究爱尔兰房地产价格的影响因素和房地产价格的综合评价。

In addition, the relevant discussion is also limited to qualitative analysis, there are less articles based on the quantitative point of view of the analysis. Therefore, aim to become a meaningful study are not only to study the actual situation of the Irish residential property market to analyze but also use both qualitative and quantitative to analysis each macroeconomic factor.

6.Research Objective研究目标

This paper is basis of extensive review to relevant literature, summarizes the existing theory of influencing factors of real estate price, by combined with the actual situation of residential property development in Ireland, and adopts both qualitative and quantitative analysis methods to theoretically analyze the relevant macroeconomic factors that affect the residential property price in Ireland. Finally, in conclusion, it will give suggestions through interviews with some people and also finalize the main macroeconomic factors.

本文在广泛查阅相关文献的基础上,总结了现有的房地产价格影响因素的理论,结合爱尔兰住宅地产开发的实际情况,采用定性和定量相结合的分析方法,从理论上分析了影响爱尔兰住宅物业价格的相关宏观经济因素。最后,在结论部分,通过对一些人的访谈给出建议,并最终确定主要的宏观经济因素。

Therefore, this paper could be providing the Irish government with the basis reference for microscopical control, also it can provide consumer as support material. In addition, this could provide a reference for the operation of property development enterprise projects and bank credit management.

因此,本文可以为爱尔兰政府提供显微控制的基础参考,也可以为消费者提供支撑材料。此外,这可以为房地产开发企业项目的运营和银行信贷管理提供参考。

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