Do bank loans and local amenities explain Chinese urban house prices?

Arbeitspapier

Based on Chinese city-level data from 1999 to 2012 and controlling for geological, environmental, and social diversity, this study suggests that credit plays a significant role in driving up house prices after the Great Recession, whereas property prices only influence bank lending before 2008. Local amenities such as higher education, green infrastructure, healthcare, and climate also positively affect house prices. Moreover, the impacts of bank loans on housing prices tend to be related to the level of amenities, suggesting an integrated approach (i.e. combining macroeconomic and urban economic variables) of housing market for the future research.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ISER Discussion Paper ; No. 928

Classification and Topics

• Classification: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Subject: endogenous income and endogenous amenities ; bank loans and monetary policy ; multicollinearity ; clustered standard errors

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Huang, Daisy J. ; Leung, Charles Ka Yui ; Qu, Baozhi
• Event: Veröffentlichung
• (who): Osaka University, Institute of Social and Economic Research (ISER)
• (where): Osaka
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/127062
• Last update: 10.03.2025, 11:43 AM CET