期刊论文

Zheng, Chengli

英文

Complexity

1076-2787

2020

2020

2791352:1-2791352:15

10.1155/2020/2791352

Humanities and Social Science Planning Fund from Ministry of Education [16YJAZH078]; Fundamental Research Funds for the Central Universities of ChinaFundamental Research Funds for the Central Universities [CCNU19TS062, CCNU19A06043, CCNU19TD006]; raising initial capital for High-Level Talents of Central China Normal University [30101190001]

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Real estate market is a complex system. A rational real estate market is not only helpful to people's living standards but also beneficial to countries' macroeconomic stability. Is Chinese real estate market rational? This paper attempts to study the efficiency of Chinese real estate market by using the complexity-entropy binary causal plane method. We firstly discuss the formation mechanism of real estate price, which provides a theoretical basis for testing the efficiency, and compute the real estate market efficiency of 70 main Chinese citie...