Study on the Relationship Between Land Price,Land Supply Area and Housing Pirce:An Empircal Analysis Based on VAR Model

With growth of China's economic and the development of urbanization,the housing price and the pressure of purchase house raising.The government began to regulate the real estate market.The cost of land is a large proportion of housing price components; so,it is important to research the relationship between land price,land supply area and the housing price.This paper use the monthly data from 2002 to 2011 for study,do Cointegration test to land supply,land price and housing price.Then use VAR model to do the Granger test,do the ISF analysis and Variance decomposition to housing price and land price,the result show that there exits interaction relationship between housing price and land price, both them can effected by the supply of land area in short time,but the extent is not high.