IDEAS home Printed from https://ideas.repec.org/a/cuf/journl/y2023v24i2wanglili.html
   My bibliography  Save this article

A Tale of Two Policies: Examining Treatment Effects on Housing Prices in Shenzhen, China

Author

Listed:
  • Luya Wang

    (School of Statistics, Capital University of Economics and Business)

  • Zheng Li

    (Department of Agricultural and Resource Economics, North Carolina State University)

  • Qi Li

    (Department of Economics, Texas A&M University)

Abstract

The city of Shenzhen has seen a surge in housing prices. In response, the Shenzhen government implemented policies to make housing more affordable. Two notable policies were implemented between 2016-2018. The first policy increases the supply of land for housing and raises down payment rates. The second policy restricts the sale of houses for a certain period of time. We use the Hsiao et al. (2012) method and factor model method to assess the effectiveness of these policies. Our empirical results suggest that the first policy had significant effects on housing prices while the second policy had no significant effect.

Suggested Citation

  • Luya Wang & Zheng Li & Qi Li, 2023. "A Tale of Two Policies: Examining Treatment Effects on Housing Prices in Shenzhen, China," Annals of Economics and Finance, Society for AEF, vol. 24(2), pages 277-288, November.
    • Handle: RePEc:cuf:journl:y:2023:v:24:i:2:wanglili
    as

    Download full text from publisher

    File URL: http://down.aefweb.net/AefArticles/aef240203WangLiLi.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Housing prices; Program evaluation; Panel data;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cuf:journl:y:2023:v:24:i:2:wanglili. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Qiang Gao (email available below). General contact details of provider: https://edirc.repec.org/data/emcufcn.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.