predictions from the theo-retical model. Keywords: Consumption, house prices, China, panel data JEL-Classification: E21, R31, C23 … for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … prices by using a quarterly city-level panel dataset for the pe-riod 1998Q1 2009Q4 and rely on a panel error correction model …

for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … prices by using a quarterly city-level panel dataset for the period 1998Q1 – 2009Q4 and rely on a panel error correction …

for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … prices by using a quarterly city-level panel dataset for the period 1998Q1-2009Q4 and rely on a panel error correction model …

unbalanced panel over the transition period 1994 to 1998. We adopt a translog stochastic frontier model to estimate technical …