Liu, Xiaoguang; Yu, Jian; Cheong, Tsun Se; Wojewodzki, … - 2023
This paper examines the future dynamics of the relative housing price-to-income ratio (RHPIR) in China. We find that the convergence in RHPIR will be more congregated in the non-center cities of city clusters, the cities from the eastern region, with a net outflow of population, and low economic...