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Migration und Immobilienmärkte: Fallstudie China

Author

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  • Harald Nitsch

    (DHBW Duale Hochschule Baden-Württemberg Mannheim, Coblitzallee 1-7, D-68163 Mannheim)

Abstract

We have examined the role of migration processes for the development of Chinese residential property markets at province level and have found empirical support of the following hypotheses: Migration between regions bears a close relationship with income differentials. The population shift induced thereby in combination with the disposable level of per-capita income and with urbanization is a dominant factor in the development of regional residential property price differentials in China. The main source of migration processes is the rural area compensating the weak natural growth in population in the metropolis. Conversely, high residential property prices in the conurbations are the determinants of the level of investment activity together with Tobin’s q.

Suggested Citation

  • Harald Nitsch, 2011. "Migration und Immobilienmärkte: Fallstudie China," Credit and Capital Markets, Credit and Capital Markets, vol. 44(1), pages 27-45.
  • Handle: RePEc:kuk:journl:v:44:y:2011:i:1:p:27-45
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    References listed on IDEAS

    as
    1. Martin Hellwig, 2008. "Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2008_43, Max Planck Institute for Research on Collective Goods.
    2. Hellwig, Martin, 1997. "Unternehmensfinanzierung, Unternehmenskontrolle und Ressourcenallokation: Was leistet das Finanzsystem?," Sonderforschungsbereich 504 Publications 97-02, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    3. Martin Hellwig, 2009. "Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis," De Economist, Springer, pages 129-207.
    4. Barry Eichengreen, 2009. "From the Asian crisis to the global credit crisis: reforming the international financial architecture redux," International Economics and Economic Policy, Springer, pages 1-22.
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    More about this item

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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