{"id":"https://openalex.org/W1980429581","doi":"https://doi.org/10.1109/iciii.2011.83","title":"The Effect of Housing Price Fluctuations on the Macro-economy","display_name":"The Effect of Housing Price Fluctuations on the Macro-economy","publication_year":2011,"publication_date":"2011-11-01","ids":{"openalex":"https://openalex.org/W1980429581","doi":"https://doi.org/10.1109/iciii.2011.83","mag":"1980429581"},"language":"en","primary_location":{"id":"doi:10.1109/iciii.2011.83","doi":"https://doi.org/10.1109/iciii.2011.83","is_oa":false,"landing_page_url":"https://doi.org/10.1109/iciii.2011.83","pdf_url":null,"source":{"id":"https://openalex.org/S7407087131","display_name":"International Conference on Information Management, Innovation Management and Industrial Engineering (ICIII)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2011 International Conference on Information Management, Innovation Management and Industrial Engineering","raw_type":"proceedings-article"},"volume":null,"type":"conference-paper","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101461879","display_name":"Gao Bo","orcid":"https://orcid.org/0000-0003-3681-5079","observed_orcids":["https://orcid.org/0000-0003-3681-5079"]},"institutions":[{"id":"https://openalex.org/I82880672","display_name":"Beihang University","ror":"https://ror.org/00wk2mp56","country_code":"CN","type":"education","lineage":["https://openalex.org/I82880672"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Bo Gao","raw_affiliation_strings":["School of Economics and Management, Beihang University, Beijing, China","Sch. of Econ. & Manage., Beihang Univ., Beijing, , China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Beihang University, Beijing, China","institution_ids":["https://openalex.org/I82880672"]},{"raw_affiliation_string":"Sch. of Econ. & Manage., Beihang Univ., Beijing, , China","institution_ids":["https://openalex.org/I82880672"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102099575","display_name":"Ruoen Ren","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I82880672","display_name":"Beihang University","ror":"https://ror.org/00wk2mp56","country_code":"CN","type":"education","lineage":["https://openalex.org/I82880672"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Ruoen Ren","raw_affiliation_strings":["School of Economics and Management, Beihang University, Beijing, China","Sch. of Econ. & Manage., Beihang Univ., Beijing, , China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Beihang University, Beijing, China","institution_ids":["https://openalex.org/I82880672"]},{"raw_affiliation_string":"Sch. of Econ. & Manage., Beihang Univ., Beijing, , China","institution_ids":["https://openalex.org/I82880672"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I82880672"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"38","issue":null,"first_page":"328","last_page":"331"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0019000000320374966,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/housing-price-fluctuation","display_name":"housing price fluctuation","score":0.9869999885559082},{"id":"https://openalex.org/keywords/housing-market","display_name":"housing market","score":0.4830000102519989},{"id":"https://openalex.org/keywords/real-estate-sector","display_name":"real estate industry","score":0.7940000295639038},{"id":"https://openalex.org/keywords/construction-industry","display_name":"construction industry","score":0.8519999980926514},{"id":"https://openalex.org/keywords/sectoral-productivity","display_name":"sectoral productivity","score":0.6769999861717224},{"id":"https://openalex.org/keywords/gdp-growth","display_name":"GDP growth","score":0.7179999947547913},{"id":"https://openalex.org/keywords/stress-testing","display_name":"stress testing","score":0.7360000014305115},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.49900001287460327}],"concepts":[{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.7870155572891235},{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.6156765222549438},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6113787889480591},{"id":"https://openalex.org/C166955791","wikidata":"https://www.wikidata.org/wiki/Q629579","display_name":"Macro","level":2,"score":0.606096625328064},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.5420833826065063},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.5283048152923584},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.47217100858688354},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.4692893922328949},{"id":"https://openalex.org/C2993501033","wikidata":"https://www.wikidata.org/wiki/Q209380","display_name":"Chinese economy","level":3,"score":0.4663822650909424},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4309224486351013},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.4260459244251251},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4228481352329254},{"id":"https://openalex.org/C34881761","wikidata":"https://www.wikidata.org/wiki/Q1936341","display_name":"Price level","level":2,"score":0.4162098169326782},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2613025903701782},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12543335556983948},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.07906109094619751},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/iciii.2011.83","doi":"https://doi.org/10.1109/iciii.2011.83","is_oa":false,"landing_page_url":"https://doi.org/10.1109/iciii.2011.83","pdf_url":null,"source":{"id":"https://openalex.org/S7407087131","display_name":"International Conference on Information Management, Innovation Management and Industrial Engineering (ICIII)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2011 International Conference on Information Management, Innovation Management and Industrial Engineering","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5263000130653381}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W1504494356","https://openalex.org/W1533972439","https://openalex.org/W1686069590","https://openalex.org/W1995083809","https://openalex.org/W2015032687","https://openalex.org/W2104798421","https://openalex.org/W2105385659","https://openalex.org/W2153653806","https://openalex.org/W3121837457","https://openalex.org/W3122613737","https://openalex.org/W3123527677"],"related_works":["https://openalex.org/W2979382299","https://openalex.org/W2372370505","https://openalex.org/W2372392250","https://openalex.org/W2970270636","https://openalex.org/W3121991103","https://openalex.org/W51715788","https://openalex.org/W4249534596","https://openalex.org/W2375634728","https://openalex.org/W2275334097","https://openalex.org/W2380580399"],"abstract_inverted_index":{"Since":[0],"2010,":[1],"the":[2,29,36,39,52,65,99,114],"central":[3],"government":[4],"of":[5,11,31,54,90,105,118],"China":[6,119],"has":[7],"introduced":[8],"a":[9,25],"series":[10],"tightened":[12],"policy":[13],"to":[14,27,67,76,94],"limit":[15],"too":[16],"fast":[17],"ascension":[18],"in":[19,79],"housing":[20,32,41,47],"price.":[21],"This":[22],"paper":[23],"proposes":[24],"method":[26],"estimate":[28],"effect":[30],"price":[33,42,104],"fluctuations":[34,43],"on":[35],"macro-economy.":[37],"In":[38],"model,":[40],"not":[44],"only":[45],"change":[46],"market":[48],"situations,":[49],"but":[50],"also":[51],"productivity":[53],"construction":[55,77],"and":[56,112,124],"real":[57,68],"estate":[58,69],"sectors.":[59],"Stress":[60],"testing":[61],"results":[62],"show":[63],"that":[64,75],"shock":[66],"sector":[70,78],"is":[71],"much":[72],"stronger":[73],"than":[74],"stress":[80],"scenarios.":[81],"There":[82],"are":[83],"about":[84],"30%":[85],"between":[86],"their":[87],"decreased":[88],"degrees":[89],"value":[91],"added":[92],"relative":[93],"houses.":[95],"Regarding":[96],"2009":[97],"as":[98],"base":[100],"period,":[101],"when":[102],"sales":[103],"new":[106],"common":[107],"houses":[108],"decreases":[109],"1.65%,":[110],"10%":[111],"20%,":[113],"GDP":[115],"growth":[116],"rate":[117],"will":[120],"reduce":[121],"1.9%,":[122],"2.8%":[123],"3.9%":[125],"respectively.":[126]},"counts_by_year":[],"updated_date":"2026-10-06T10:28:23.643775","created_date":"2016-06-24T00:00:00"}