Does market sentiment push up China’s housing prices? an empirical study based on the data of 45 mainstream cities in China

• Main Authors: Yemin, Ding, Chin, Lee, Mengqiu, Lu
• Format: Article
• Published: Springer 2022
• Online Access: http://psasir.upm.edu.my/id/eprint/100999/; https://link.springer.com/article/10.1007/s10901-022-09985-7
• Institution: Universiti Putra Malaysia

This paper reports a series of empirical tests that scrutinised the potential effect of market sentiment on China’s housing prices at the city level. The analyses employed unbalanced panel data from 45 large- and medium-sized cities in China for the period of 2011 to 2017. We first constructed the h...