The rise in house prices in China: Bubbles or fundamentals?

• المؤلفون الرئيسيون: HU, Jianying, SU, Liangjun, JIN, Sainan, JIANG, Wanjun
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2006
• الموضوعات: Asian Studies; Econometrics; Real Estate
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/2039; https://ink.library.smu.edu.sg/context/soe_research/article/3038/viewcontent/The_rise.pdf

The dramatic rise of house prices in many cities of China has brought huge attention from both the governmental and academic circles. There is a huge debate on whether the increasing house prices are driven by market fundamentals or just by speculation. Like Levin and Wright (1997a, 1997b), we decom...