In this paper we investigate the long-run and short-run relationship between housing investment and economic growth in China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric techniques for panel unit root testing and heterogeneous...

In this paper we investigate the long-run and short-run relationship between housing investment and economic growth in China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric techniques for panel unit root testing and heterogeneous...

This paper proposes a dualism of hypothesis derived from dynamic Cournot competition on whether house building is driven by credit constraint corresponding to collateral value. Using monthly data from Jan 2004 to May 2016 of 26 Chinese provinces and 4 direct-controlled municipalities, the...

With the economic globalization growing at a rapid pace over the past years, the international joint ventures (IJVs) have become popular increasingly in a large number of countries, as well as many industries. For the purposes of sharing risk, complementing or integrating resources, authority...

China's property market has been the subject of much media coverage in recent years. Rapid price increases for residential property and the possibility of a price bubble in many cities has led the central government to take a myriad of regulatory measures to cool housing markets. Scholarly...

China has a vast number of unsold and unoccupied homes. Can incentives faced by local politicians explain this puzzle? In China, local governments are monopolists in selling land use-rights, which is a key input for the housing market. City managers, the leader of local governments, are promoted...