Chinese Real Estate Market Performance

Richard Burdekin and Ran Tao

Chinese Economy, 2014, vol. 47, issue 2, 5-26

Abstract: The 2009 surge in bank lending in China was accompanied by allegations that substantial funds had been funneled into the nation's stock and property markets. Using data from 1999 to 2011, possible linkages between lending activity, real estate prices, stock prices, and inflation are examined. We find empirical support for the claim that housing prices responded to increases in liquidity and lending rates, along with evidence of codetermination of stock prices and housing prices. House price inflation also appears to consistently affect the overall inflation rate in China, based on both causality testing and VAR estimation.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=V22U058N42W63637 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:chinec:v:47:y:2014:i:2:p:5-26

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCES20

Access Statistics for this article

More articles in Chinese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().