Do bank loans and local amenities explain Chinese urban house prices

Daisy J. Huang, Charles Leung and Baozhi Qu

ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka

Abstract: Based on Chinese city-level data from 1999 to 2012 and controlling for geological, environmental, and social diversity, this study suggests that credit plays a significant role in driving up house prices after the Great Recession, whereas property prices only influence bank lending before 2008. Local amenities such as higher education, green infrastructure, healthcare, and climate also positively affect house prices. Moreover, the impacts of bank loans on housing prices tend to be related to the level of amenities, suggesting an integrated approach (i.e. combining macroeconomic and urban economic variables) of housing market for the future research.

Date: 2015-03
New Economics Papers: this item is included in nep-ban, nep-env, nep-tra and nep-ure
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Citations: View citations in EconPapers (42)

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https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2015/DP0928.pdf

Related works:
Journal Article: Do bank loans and local amenities explain Chinese urban house prices? (2015)
Working Paper: Do bank loans and local amenities explain Chinese urban house prices? (2015)
Working Paper: Do bank loans and local amenities explain Chinese urban house prices? (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:0928

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