| Summary: | 碩士 === 中原大學 === 國際經營與貿易研究所 === 104 === Live is a basic human need, and everyone needs to own house, but the most important issue for homebuyers is the high house price. In this paper, we select five municipal city include Taipei, New Taipei, Taoyuan, Taichung and Kaohsiung of the actual price registration system price and house index. This sample spans from August 2012 to December 2014.This paper adopts panel data and the Panel smooth Transition regression model, constructed by González et al. (2005). We choose the economic monitoring indicator scores as the transition variable to estimate the relationship between the actual price registration system and house index.
Empirical results show that there is a non-linear relationship between the actual price registration system price and house index, depending on the different economic monitoring indicator scores. The pre-house index and the actual price registration system price has a positive relationship. If the economic monitoring indicator scores fall out of the interval, the positive effect becomes larger, The pre-actual price registration system price and current house index has a negative relationship. When the economic monitoring indicator scores fall out of the interval, the negative effect becomes larger.
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