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Housing Price and Population Growth across China: The Role of Housing Supply

Hongbo Wang and Dan Rickman

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, we employ a spatial equilibrium growth model to examine the role of housing supply for differences in housing price and population growth across the provinces, autonomous regions and municipalities of mainland China for 1999-2013. A distinguishing feature of the model used from other spatial equilibrium models is a time-varying and regionally-varying elasticity of housing supply. Regions in the East are found to have had the most inelastic housing supply, while northern regions had the most elastic housing supply. The differences in exogenous housing supply growth are shown to have significantly affected relative regional population growth over the period, suggesting that housing policies can be used to promote growth.

Keywords: Housing supply; China; Spatial equilibrium (search for similar items in EconPapers)
JEL-codes: R11 R12 R31 (search for similar items in EconPapers)
Date: 2017-03-17
New Economics Papers: this item is included in nep-cna, nep-geo, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Housing Price and Population Growth across China: The Role of Housing Supply (2020) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:79641

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