| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22789 |
| 来源ID | Working Paper 22789 |
| A Real Estate Boom with Chinese Characteristics | |
| Edward Glaeser; Wei Huang; Yueran Ma; Andrei Shleifer | |
| 发表日期 | 2016-10-31 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Chinese housing prices rose by over 10 percent per year in real terms between 2003 and 2014, and are now between two and ten times higher than the construction cost of apartments. At the same time, Chinese developers built 100 billion square feet of residential real estate. This boom has been accompanied by a large increase in the number of vacant homes, held by both developers and households. This boom may turn out to be a housing bubble followed by a crash, yet that future is far from certain. The demand for real estate in China is so strong that current prices might be sustainable, especially given the sparse alternative investments for Chinese households, so long as the level of new supply is radically curtailed. Whether that happens depends on the policies of the Chinese government, which must weigh the benefits of price stability against the costs of restricting urban growth. |
| 主题 | Macroeconomics ; Fiscal Policy ; Financial Economics ; Financial Markets ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w22789 |
| 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/580462 |
| 推荐引用方式 GB/T 7714 | Edward Glaeser,Wei Huang,Yueran Ma,et al. A Real Estate Boom with Chinese Characteristics. 2016. |
| 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 | ||
| w22789.pdf（768KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
