Peng, Wensheng; Tam, DicksonC.; Yiu, MatthewS. - In: Pacific Economic Review 13 (2008) 2, pp. 240-258
This paper studies the nexus between the property market and macroeconomy of China in 1998-2004, using panel data models covering 31 provinces and major cities. The estimates suggest three main conclusions. First, there seemed to be a two-way linkage between property prices and GDP growth....