Are there irrational bubbles under the high residential housing prices in China’s major cities?

House prices in the main cities of China have been rising to historically high levels. Unsustainable growth of housing prices might cause financial crises and damage the whole economy. This research aims to detect whether bubbles dominate China’s real estate market. It begins by systematica...

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Bibliographic Details
Main Authors: Arestis Philip, Zhang Sixia
Format: Article
Language:English
Published: Economists' Association of Vojvodina 2020-01-01
Series:Panoeconomicus
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/1452-595X/2020/1452-595X2001001A.pdf