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济源翻译公司关键字：On the relationship between land and housing prices, theorists are major differences of opinion, in order to further explore the land and housing prices within the association, based in Wuhan this article first quarter of 2000 to second quarter of 2005 prices, land price data, the author of the land relationship with a price Granger causality test results show that: in the short term, house prices and land prices Wuhan reinforce each other, which is the price premium Granger causes a greater degree; in the long term, house prices and land prices of the were no significant causal relationship. Combination of macroeconomic policy conditions, this paper analyzed the test results, and that its policy implications.Keywords: premium real estate prices Granger causality testOn the relationship between land and housing prices, theorists, there are three views: the decision premium prices. This view is from a cost point of view, the composition of the price that the rising cost of land is one of the main housing prices (Qin Xiaomei, 2005). Determine land prices. If Zheng Guanghui (2004) that housing prices increased the demand for land caused land prices, land prices is the result, not the price reason. Interaction of land and housing prices, there is mutual checks and balances (Li-Xin Lu, 2002), or "the positive correlation between the two" (high Hsiao, 2001). On the interaction between methods and results, academia is a matter of opinion.Some scholars believe that exists between house prices and land prices under certain conditions, a causal relationship.On land and housing prices the issue of causation, the argument is very large differences, the reason, I believe that there are: a complex pattern of interests and demands of different interests. Such as developers in pursuit of profit maximization, may overstate the role of land for housing, even "imposed on bidding, auction system to trumped-up charges" (Li Qian, 2005). Study the complexity and diversity. On this point, I will be the final discussion in the article a brief discussion. Limitations of research methods. On the one hand, qualitative research methods and more, little quantitative research. As qualitative research with researchers inevitably subjective, the results may cause the deviation. On the other hand, the quantitative results of the study may also have uncertainties. Such as high waves, Mao Feng Fu (2003) using the Granger causality test, the lag period of 2, 3, lag less than normal, and the test results have no stability; Moreover, the sample data to national data, because the country different regions, different cities, the huge difference in the real estate market, its findings unconvincing.To further explore the land and housing prices within the association, the author of the first quarter of 2000 in Wuhan in the second quarter of 2005 prices, land price data, statistical analysis and Granger causality test, and results are discussed.Wuhan City housing and land prices of the basic statistical characteristics of
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