| Status | 已發表Published |
| China’s House Price Moments in Global Financial Crisis | |
Huang, B. H.; Zhang, Y. ; Lai, N.
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| 2013-06-07 | |
| Source Publication | 2013 Chinese Economists Society (CES) annual conference
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| Publication Place | Chengdu |
| Publisher | Chinese Economists Society |
| Abstract | This paper examines housing prices dynamics in China’s cities in relation to the recent global financial crisis. Using data from 35 cities from 1998 to 2011, we gauge the deviation if any of housing prices from the fundamental demand factors. Our results reveal that the 2008-2009 financial crisis and the counter-crisis policies have had considerable impact on the housing prices in China. Moreover, significant heterogeneity is found across various housing markets. Our results also provide evidence of property price increase in excess of fundamentals, hence supporting the idea that the housing market is the grip of a speculative bubble. |
| Keyword | housing price dynamics user cost China |
| Language | 英語English |
| The Source to Article | PB_Publication |
| PUB ID | 10572 |
| Document Type | Conference paper |
| Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
| Recommended Citation GB/T 7714 | Huang, B. H.,Zhang, Y.,Lai, N.. China’s House Price Moments in Global Financial Crisis[C], Chengdu:Chinese Economists Society, 2013. |
| APA | Huang, B. H.., Zhang, Y.., & Lai, N. (2013). China’s House Price Moments in Global Financial Crisis. 2013 Chinese Economists Society (CES) annual conference. |
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