Bubbles Are Departures from Equilibrium Housing Markets: Evidence from Singapore and Taiwan
The housing prices in many Asian cities have grown rapidly since mid-2000s, leading to many reports of bubbles. However, such reports remain controversial as there is no widely accepted definition for a housing bubble. Previous studies have focused on indices, or assumed that home prices are lognoma...
Main Authors: | Tay, Darrell Jiajie, Chou, Chung-I, Li, Sai-Ping, Tee, Shang You, Cheong, Siew Ann |
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Other Authors: | Zhou, Wei-Xing |
Format: | Journal Article |
Language: | English |
Published: |
2017
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Subjects: | |
Online Access: | https://hdl.handle.net/10356/83893 http://hdl.handle.net/10220/42854 |
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