Literature Review of Real Estate Bubble Measurement Methods
Abstract
The real estate industry is the pillar industry of China’s economic development, and the excessive bubble in its market will seriously affect the normal development of the national economy. The rapidly expanding real estate bubble has laid many hidden dangers for the outbreak of the financial crisis. Therefore, scientific analysis of the bubble in the real estate market and accurate measurement of the degree of market bubble are the prerequisites for taking appropriate corresponding measures. This article compares and evaluates the different measurement methods of real estate bubbles by domestic and foreign scholars, and puts forward reasonable suggestions.References
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[2] Campbell Y. J.& Kyle A. S,1988, Smart Money, Noise Trading, and Stock Price Behavior[R], NBER Technical Working Paper:72-73.
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