| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18403 |
| 来源ID | Working Paper 18403 |
| Land and House Price Measurement in China | |
| Yongheng Deng; Joseph Gyourko; Jing Wu | |
| 发表日期 | 2012-09-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is meaningful heterogeneity in land price growth across cities, on average the last nine years have seen land values skyrocket in many markets, not just those on or near the coast. The typical market has experienced double-digit compound average annual growth in real, constant-quality land values. The 2009-2010 stimulus period typically saw large surges in prices. Three notable characteristics about the land value appreciation series are their strong mean reversion at annual frequencies, the strong common factor in their movement, and their very high volatility. Quantities, not just prices, have been sharply increasing in recent years. The typical amount of space supplied via land auctions in our 35 city sample has doubled since 2008. Some local political economy traits such as the time the local Chinese Communist Party leader has been in office are correlated with land supply volume. |
| 主题 | Regional and Urban Economics ; Regional Economics ; Real Estate |
| URL | https://www.nber.org/papers/w18403 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576079 |
| 推荐引用方式 GB/T 7714 | Yongheng Deng,Joseph Gyourko,Jing Wu. Land and House Price Measurement in China. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18403.pdf（636KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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