Deng, Changrong; Ma, Yongkai; Chiang, Yao-Min - In: International Real Estate Review 12 (2009) 2, pp. 121-134
The objective of this paper is to investigate the dynamic effects of fundamental factors on housing prices in China. We examine how quickly and strongly housing prices react to changes in these factors. We especially want to test whether these reactions change after China adopted a new system...