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China due to flight route changes. I find a large positive house price impact. Consistent with investment q-theory, rents …
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This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …
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With the rapid development of information communication technology and the Internet, information spillover between cities in real estate markets is becoming more frequent. The influence of information spillover in real estate markets is becoming more and more prominent. However, the current...
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The real estate prices in urban China have been soaring sharply since the commercialization reform of the housing … system, newly built houses dominate market across the vast territories of China, and this study of China will further the … aspects. Particularly, the different roles of local governments and real estate developers in China should be highlighted. The …
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