Crowding-out effects of affordable and unaffordable housing in China, 1999-2010

Nannan Yuan and Shigeyuki Hamori

Applied Economics, 2014, vol. 46, issue 35, 4318-4333

Abstract: Using panel data on housing construction, this article examines the crowding-out effects of affordable and unaffordable housing in China from 1999 to 2010. Applying a dynamic panel model allows us to examine the dynamic interactions between affordable and unaffordable housing constructions when controlling for region-specific fixed and time-specific effects. We analyse whether affordable (unaffordable) housing construction has changed in response to the past and contemporaneous construction of unaffordable (affordable) housing. Our empirical results reveal an asymmetric crowding-out pattern between affordable and unaffordable housing. We also observe that when urbanization rate is lower than 57.39%, unaffordable housing construction crowds out affordable housing construction. Moreover, the crowding-out effect of unaffordable housing on affordable housing decreases with rising urbanization rates.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2014.957441 (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:taf:applec:v:46:y:2014:i:35:p:4318-4333

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2014.957441

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

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