Research on Quantitative Evaluation of Single Real Estate Policy Based on PMC Index Model——Taking China's Housing Rental Policy Since the 13th Five-Year Plan as an Example

Abstract

Abstract:

This paper adopts the methods of text analysis and content analysis to extract the frequency of key words that appear in the 220 typical real estate policies issued by the central government in 2013-2019, and then by comprehensively using an improved version of the policy indicators set by other scholars and innovatively adding a progressive and exclusive primary variable, effectiveness level, into the real estate regulation policy variables, this paper constructs a PMC index model of real estate policy to evaluate the sample real estate policies. The results of empirical research show that: the PMC index levels of policy 1 and policy 3 are low but acceptable with much room for improvement and the other four policies are excellent; the special adjustment policies (such as preferential tax policies) are narrow in coverage, and the PMC index is low; the policies jointly issued by multiple ministries and commissions are related to people’s livelihood and have a wide coverage, so the PMC index is relatively high; from the internal perspective of the first level indicators, there is a strong correlation between the regulatory scope of policies and the regulatory object of policies.

Key words: real estate policy, quantitative evaluation, PMC index, housing rental

Dong Jichang, Yuan Quan, Yin Lijun, Li Xiuting. Research on Quantitative Evaluation of Single Real Estate Policy Based on PMC Index Model——Taking China's Housing Rental Policy Since the 13th Five-Year Plan as an Example[J]. , 2020, 32(5): 3-13,75.

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