Gao, Xiang; Kong, Wen; Hu, Zhijun - In: Journal of risk and financial management : JRFM 15 (2022) 7, pp. 1-19
Using panel data from 30 regions in China during the period 1999:01-2020:12, this paper evaluates the effects of national fundamentals affecting the movement of regional house prices by estimating a factor-augmented VAR model. We construct and examine a hypothesis that national fundamentals...
