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Does housing boom lead to credit boom or is it the other way around? : the case of China

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Capital scarcity and industrial decline : evidence from 172 real estate booms in China

Hau, Harald; Ouyang, Difei - 2018

In geographically segmented credit markets, local real estate booms can deteriorate the funding conditions for small manufacturing firms and undermine their growth and competitiveness. Based on exogenous variations in the administrative land supply across 202 Chinese cities, we show that real...

Persistent link: https://www.econbiz.de/10011899931