Liu, Xiaoguang; Cheong, Tsun Se; Yu, Jian; Wojewodzki, … - 2022
Employing distribution dynamics analysis, we examine the future spatial dynamics and convergence of the relative house-price-to-income ratio (RHPIR) across 171 major Chinese cities during the 2002-2016 period. We find that the convergence occurs at a slow pace and is heterogeneous across cities...