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題名 The Dynamic Behavior of Chinese Housing Prices
作者 Deng, Changrong;Ma, Yongkai;姜堯民
Deng, Changrong;Ma, Yongkai;Chiang, Yao-Min
貢獻者 政大財管系
關鍵詞 Housing price;Fundamental factors;Land price;Land policy
日期 2009-07
上傳時間 6-Dec-2013 15:24:02 (UTC+8)
摘要 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 for granting land use rights in 2002. We find that the main fundamental explanatory factors explaining Chinese housing price variations are household disposable income, new-build supply, housing units sold, unemployment, and land prices. Among these factors, the most important one is land price. The effect of land prices on housing prices is especially enhanced after adoption of the new system for granting land use rights in 2002.
關聯 International Real Estate Review, 12(2), 121-134
資料類型 article
dc.contributor 政大財管系en_US
dc.creator (作者) Deng, Changrong;Ma, Yongkai;姜堯民en_US
dc.creator (作者) Deng, Changrong;Ma, Yongkai;Chiang, Yao-Minen_US
dc.date (日期) 2009-07en_US
dc.date.accessioned 6-Dec-2013 15:24:02 (UTC+8)-
dc.date.available 6-Dec-2013 15:24:02 (UTC+8)-
dc.date.issued (上傳時間) 6-Dec-2013 15:24:02 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/62227-
dc.description.abstract (摘要) 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 for granting land use rights in 2002. We find that the main fundamental explanatory factors explaining Chinese housing price variations are household disposable income, new-build supply, housing units sold, unemployment, and land prices. Among these factors, the most important one is land price. The effect of land prices on housing prices is especially enhanced after adoption of the new system for granting land use rights in 2002.en_US
dc.format.extent 112060 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) International Real Estate Review, 12(2), 121-134en_US
dc.subject (關鍵詞) Housing price;Fundamental factors;Land price;Land policyen_US
dc.title (題名) The Dynamic Behavior of Chinese Housing Pricesen_US
dc.type (資料類型) articleen