Date of Award
College of Arts Humanities and Social Sciences, Economics
China, Housing market
There are plenty of arguments about the Chinese residential housing market bubble. Making improvement of the analyses Yu (2011), the present paper present a more reasonable “discount cash flow model” to detect the existence of the bubble in the residential house market from 1998 to 2010. The result indicated there are bubbles in the market. Bubbles we observed are mixes of the rational bubble and the irrational bubbles. Based on the empirical analysis, this paper proposes political implication to prevent the starting and expanding of bubbles.
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Received from author
Wu, Yunyun, "Is There a Commercial Residential Housing Bubble in China" (2013). Restricted Access ETDs. 88.