Do bank loans and local amenities explain Chinese urban house prices?

Daisy J. Huang, Charles Leung and Baozhi Qu

MPRA Paper from University Library of Munich, Germany

Abstract: Using Chinese city-level data from 1999 to 2012 and considering 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. Besides, local amenities such as higher education, green infrastructure, healthcare, and climate also positively affect house prices. Moreover, the impacts of bank loans and amenities on housing prices are interacted rather than isolated.

Keywords: endogenous income and endogenous amenities; bank loans and monetary policy; multicollinearity; clustered standard errors (search for similar items in EconPapers)
JEL-codes: G21 O18 R11 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42)

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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:pra:mprapa:62853

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