Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets
Housing prices have soared for the past decade in China, more evidently from the 35 major cities. Apart from traditional economic fundamentals, recent literature review suggests that local government is an active player that may lead to the surging housing price in China. In our paper, we con...
| मुख्य लेखकों: | , , |
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| अन्य लेखक: | |
| स्वरूप: | Final Year Project (FYP) |
| भाषा: | English |
| प्रकाशित: |
2012
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| विषय: | |
| ऑनलाइन पहुंच: | http://hdl.handle.net/10356/50803 |
| _version_ | 1826111153972969472 |
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| author | Qian, Jin Lai, Yi Wen Lee, Choon Yan |
| author2 | School of Humanities and Social Sciences |
| author_facet | School of Humanities and Social Sciences Qian, Jin Lai, Yi Wen Lee, Choon Yan |
| author_sort | Qian, Jin |
| collection | NTU |
| description | Housing prices have soared for the past decade in China, more evidently from the 35 major cities. Apart from traditional economic fundamentals, recent literature review suggests that local government is an active player that may lead to the surging housing price in China.
In our paper, we consider rental, housing and land markets as interdependent and simultaneously determined. On this basis, we study the interplay of the three markets using a panel data for the 35 major cities from 2001 – 2010. The empirical results provide evidence that the higher the local government budget deficit, the higher the land price would be and this higher land price is translated into higher housing price. This paper explores local governments’ role from both expenditure and revenue side in the whole picture of housing market. |
| first_indexed | 2024-10-01T02:45:58Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/50803 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T02:45:58Z |
| publishDate | 2012 |
| record_format | dspace |
| spelling | ntu-10356/508032019-12-10T10:53:58Z Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets Qian, Jin Lai, Yi Wen Lee, Choon Yan School of Humanities and Social Sciences Wu Guiying DRNTU::Social sciences::Economic development::China DRNTU::Social sciences::Political science::Political institutions::Asia::China Housing prices have soared for the past decade in China, more evidently from the 35 major cities. Apart from traditional economic fundamentals, recent literature review suggests that local government is an active player that may lead to the surging housing price in China. In our paper, we consider rental, housing and land markets as interdependent and simultaneously determined. On this basis, we study the interplay of the three markets using a panel data for the 35 major cities from 2001 – 2010. The empirical results provide evidence that the higher the local government budget deficit, the higher the land price would be and this higher land price is translated into higher housing price. This paper explores local governments’ role from both expenditure and revenue side in the whole picture of housing market. Bachelor of Arts 2012-11-12T04:25:32Z 2012-11-12T04:25:32Z 2012 2012 Final Year Project (FYP) http://hdl.handle.net/10356/50803 en Nanyang Technological University 54 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Economic development::China DRNTU::Social sciences::Political science::Political institutions::Asia::China Qian, Jin Lai, Yi Wen Lee, Choon Yan Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets |
| title | Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets |
| title_full | Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets |
| title_fullStr | Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets |
| title_full_unstemmed | Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets |
| title_short | Is local government the driving force behind the surging housing price in China? Evidence from rental, land and housing markets |
| title_sort | is local government the driving force behind the surging housing price in china evidence from rental land and housing markets |
| topic | DRNTU::Social sciences::Economic development::China DRNTU::Social sciences::Political science::Political institutions::Asia::China |
| url | http://hdl.handle.net/10356/50803 |
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