Are government interventions effective in regulating China's house prices?

Nannan Yuan () and Shigeyuki Hamori
Additional contact information
Nannan Yuan: Graduate School of Economics, Kobe University

No 1427, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: This study investigates whether government interventions are effective in regulating China fs house prices. To do so, we also consider other control variables such as real land price, per capita real disposable income, and newly started floor spaces. Using panel data of 30 provinces and cities for the period 2002:Q2 to 2012:Q4, we provide empirical evidence by applying both static and dynamic models to examine the effectiveness of China fs government interventions on house prices. The main empirical results show that after enacting interventional policies, the growth rate of house prices decreased, indicating that government interventions are effective. In addition, a greater supply of land and houses also help to regulate house prices.

Keywords: government intervention; house prices; effectivenesst (search for similar items in EconPapers)
JEL-codes: E44 R21 R31 (search for similar items in EconPapers)
Pages: 20pages
Date: 2014-10
New Economics Papers: this item is included in nep-mac, nep-pbe and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2014/1427.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.econ.kobe-u.ac.jp:443 (Bad file descriptor) (http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2014/1427.pdf [301 Moved Permanently]--> https://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2014/1427.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:koe:wpaper:1427

Access Statistics for this paper

More papers in Discussion Papers from Graduate School of Economics, Kobe University Contact information at EDIRC.
Bibliographic data for series maintained by Kimiaki Shirahama ( this e-mail address is bad, please contact ).