| Autor: |
Mengyuan Zhou, Masaya Sakuragawa, Satoshi Tobe |
| Rok vydání: |
2021 |
| Předmět: |
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| Zdroj: |
Journal of Asian Economics. 76:101361 |
| ISSN: |
1049-0078 |
| DOI: |
10.1016/j.asieco.2021.101361 |
| Popis: |
This paper presents an empirical analysis of the determinants of housing prices using the province-level panel data that covers all the regions in China for the period 1999–2015. The bank credit is the primary determinant of housing prices. Remarkably, a one-percentage-point increase in the growth of bank credit leads to a subsequent appreciation in the growth of the housing price by 0.281 %. The sensitivity of bank credit varies across subcategories of buildings, and between the province-level analysis and the city-level analysis. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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Full Text from ScienceDirect