首页|Do regional house prices converge or diverge in China?
Do regional house prices converge or diverge in China?
扫码查看
点击上方二维码区域，可以放大扫码查看
原文链接
万方数据
This paper aims to test whether the regional house prices are convergent or divergent in China using a monthly panel data set of China''s 70 large and medium-sized cities from July 2005 to December 2010. This issue is closely related to understanding the efficiency of the country-level housing policies made by China''s central government. The test results suggest that the regional house prices in China are generally divergent, and thereby the country-level policies may be inefficient since they do not explicitly take the strong heterogeneity of China''s regional housing markets into consideration. As a consequence, it may be better for China''s central government to further decentralize and devolve its governance toward the housing market to the local governments.
convergencehouse pricepair-wise testripple effect
Guangyu Mao
展开 >
School of Economics and Management, Beijing Jiaotong University, Beijing, China
万方数据
