Abstract Using the Chinese provincial panel data from 2004 to 2016, this paper constructs a dynamic panel model to investigate the impact of demographic changes on real estate inventory. The results show that compared with social and spatial demographic structures, natural demographic structure has a more significant influence on real estate inventory. Specifically, the ratio of youth dependency and elderly dependency play a significant promoting role in real estate inventory. The effect of the average household size on the real estate inventory shows significant regional differences, which is inhibiting in the whole country and the eastern region but promoting in the central and western regions. There is no evident influence on real estate inventory from gender ratio, higher education ratio and the rate of population urbanization. In addition, the real estate inventory has a strong continuity, and the lagged variable has significant influence on it while the expected item shows no obvious impact. The economic development has a strong impact on real estate inventory and shows regional differences, while the impact of economic openness is not significant.
FU Yi-mang,ZHOU Jian-jun,ZHOU Ying. The Impact of Demographic Changes on Real Estate Inventory ——An Analysis of Regional Differences Based on SYS-GMM Estimation. Economic Survey, 2019, 36(2): 087.
2019, Vol. 36 
