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Housing and land prices in China have experienced dramatic hikes over the past decade or two. Moreover, housing and …
Persistent link: https://www.econbiz.de/10012481813
High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price-to-rent ratios in Beijing and seven other large markets across...
Persistent link: https://www.econbiz.de/10012462467
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces …
Persistent link: https://www.econbiz.de/10012469817
Broadly speaking, two schools of thought have emerged to interpret China's rapid growth since 1978:the experimentalist … school and the convergence school. The experimentalist school attributes China's successes to the evolutionary, experimental …, and incremental nature of China's reforms. Specifically, the resulting non-capitalist institutions are said to be …
Persistent link: https://www.econbiz.de/10012472889
(4)There are no official data on residential vacancy rates in China, but some researchers have reported very high …
Persistent link: https://www.econbiz.de/10012457322
reason for this stark difference appears to be that some of the most dominant firms in China are state-owned enterprises …
Persistent link: https://www.econbiz.de/10012459899
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000 …
Persistent link: https://www.econbiz.de/10012459907
We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is …We also investigate the quality of the two most prominent house price indexes in China, and conclude that a traditional … hedonic index more accurately reflects how house prices have changed over time in eight major markets in China. Repeat sales …
Persistent link: https://www.econbiz.de/10012460257
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10012461787
We estimate the size of the likely unofficial income of a household with a government official by the difference between the income that would be necessary to explain their observed home purchase behavior and the official income. Using unique and comprehensive administrative records on the House...
Persistent link: https://www.econbiz.de/10014372505