What Drives House Building The collateral effect with evidence from China

Chao Jin

Journal of Applied Finance & Banking, 2018, vol. 8, issue 6, 1

Abstract: This paper proposes a dualism of hypothesis derived from dynamic Cournot competition on whether house building is driven by credit constraint corresponding to collateral value. Using monthly data from Jan 2004 to May 2016 of 26 Chinese provinces and 4 direct-controlled municipalities, the empirical test suggests that collateral value do drive house building.JEL Classification: R31; G31; L74Keywords: Housing; Cournot Model; Borrowing Constraint; Collateral Effect

Date: 2018
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