On the afternoon of Jan 10 2017, the 2017 SPEA Investment Dept. First PHD Students Forum successfully held in room 502 in phoenix building. This Forum aims at standardizing PHD students training, establishing academic exchange platform, and promoting their research ability. This Forum was presided by SPEA Investment Dept. Dean Professor Chen Jie, while Associate Professor Gao Xiaohui, Associate Professor Shen Hong, Associate Professor Ma Zuqi, Doctor Ye Fang, Doctor Zheng Rui and more than 20 PHD Students attended this Forum.
This Forum contains four reports from PHD students. The first is External Shock on Real Estate Investment ----based on PVAR Model by 2014 Real estate Economics PhD student Nong Huifu. The report, based on panel-data of 249 cities during 2000-2013 and 35 big cities during 1999-2015, used PVAR model, approached from Housing Market Supply Flexibility, House Price Growth Rate and Land Price Growth Rate, focused on real estate investment, income level, population migration influencing economic growth rate, land supply, bank credit. The research shows that economic growth influencing real estate investment differs by house price supply flexibility; in cities with low increase in house price or land price, more land supply would lead to real estate investment increase; during 2011-2015, bank credit had remarkable impact on real estate investment. Presented teachers arose constructive instructions from variable selection, data processing, and empirical results interpretation.
Then, 2013 National Economics PhD student Ma Kexing reported on Research on Impact construction land outside Centralized Construction Area influencing income of rural residents. The paper, based on 83 Shanghai Villages’ Data in 2013-2014, adopted Spatial Econometric Model, focused on Capital Effect, Employment Effect, Combined Effect, Feedback Effect, studied mechanism that construction land outside Centralized Construction Area influencing income of rural residents. The paper studied mechanism that construction land outside Centralized Construction Area influencing income of rural residents, and comparative analyzed villages with difference distance. Presented teachers arose constructive instructions from question selection, whether dependent variable and independent variable is statistically dependent, and empirical results interpretation.
Followed was report of Real Estate Economics PhD student Zhou Qian on National Vocational Qualification System, Entry Barriers and Wage Effect in China. The paper, based on CGSS Data in 2003-2006, using Heckman effect to analyze the impact vocational qualification had on income level. Presented teachers arose constructive instructions from approaching points and variable selection.
The fourth reporter was 2012 real estate economics PhD student Liu Xia and the topic is Market Effect Research of Property Tax reform Pilot. The paper, based on macro data from Urban Statistic Year Books, China Urban Land Price Dynamic Monitoring Network, Resset Database, and 70 cities New Commercial Housing Price Index, used counter-factual method to study impact of Shanghai and Chongqing Property Tax Pilot on local house price. The difficulty of this paper is to use principal component analysis to solve unobserved individual factors which influence urban housing price. The research shows that the pilot had a significant positive impact in Shanghai, and had no significant impact in Chongqing. Presented teachers arose constructive instructions from Data sources accuracy and control group selection in counter-factual method.
In the end, President Chen Jie announced the successful conclude of the Forum and extended gratitude to all the presented teachers and students. This Forum was the academic report followed the PHD students Forum in Nov 2016. This Forum promoted the communication between PhD students and tutors, improved PhD students’ lecture ability, and received good feedback.