An Examination of the Chinese Housing Market through the Lens of the DiPasquale-Wheaton Model : a Graphical Attempt
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 131-165 |
| Journal / Publication | International Real Estate Review |
| Volume | 10 |
| Issue number | 2 |
| Publication status | Published - 1 Dec 2007 |
Link(s)
Abstract
Many existing studies on the China real estate industry are empirical, or policyoriented. This paper complements the literature by adopting the DiPasquale and Wheaton model (1996) to study the China housing market, and trace the impact of different policies. Surprisingly, the model is capable of accounting for several developments in the market. We also extend the model to a dual-class housing situation, not only for the analysis of a recent policy change in China, but also for the potentially independent interest of other countries. A summary of the evolution of recent China housing policies is provided.
Research Area(s)
- determination of price and quantity, policy, real estate, submarket
Bibliographic Note
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Citation Format(s)
An Examination of the Chinese Housing Market through the Lens of the DiPasquale-Wheaton Model : a Graphical Attempt. / Leung, Charles Ka Yui; Wang, Wei.
In: International Real Estate Review, Vol. 10, No. 2, 01.12.2007, p. 131-165.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
