Zheng, Huanhuan; Zhang, Qingyong - In: Economics Bulletin 33 (2013) 4, pp. 2465-2474
the housing price. Applying the synthetic control method of Abadie, Diamond, and Hainmueller (2010), we construct … counterfactual housing price for Shanghai and Chongqing using monthly data from 33 cities that have no property tax. Comparing the … counterfactual and actual price, we estimate that by November 2012 the average housing price in Shanghai was about 2127 RMB/m2 or 13 …