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

Listed author(s):
  • Wang, Hongbo
  • Rickman, Dan S.

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.

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File URL: https://mpra.ub.uni-muenchen.de/79641/1/MPRA_paper_79641.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 79641.

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Date of creation: 17 Mar 2017
Handle: RePEc:pra:mprapa:79641
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