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Do bank loans and local amenities explain Chinese urban house prices?

Huang, Daisy J.; Leung, Charles Ka Yui; Qu, Baozhi - 2015 - This version: February, 2015

Based on Chinese city-level data from 1999 to 2012 and controlling for geological, environmental, and social diversity, this study suggests that credit plays a significant role in driving up house prices after the Great Recession, whereas property prices only influence bank lending before 2008....

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