Show simple item record

dc.contributor.authorArestis, Philipen
dc.contributor.authorJia, MMen
dc.date.accessioned2019-08-21T23:31:19Z
dc.date.available2019-08-21T23:31:19Z
dc.date.issued2020-10-20en
dc.identifier.issn1757-6385
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/296092
dc.description.abstractAbstract Purpose This paper aims to examine the evolution of house prices in China and especially the effects of different financing channels on China’s house prices. Design/methodology/approach We employ our own theoretical framework and proceed to test the testable hypotheses by employing the Autoregressive Distributed Lag (ARDL) bounds test approach for cointegration analysis and the unrestricted error correction model (UECM). Quarterly time series data from Q1 2002 to Q2 2016 are utilised. Findings The results suggest that in the short run, bank loan to real estate development and scale of shadow banking have significant positive effects on house prices. In the long run, the scale of shadow banking and disposable income affect house prices positively and significantly. Originality This study provides more insights into how and to the extent different financing channels affect China’s house prices, particularly the impact of shadow banking on the house prices.
dc.description.sponsorshipN/A
dc.publisherEmerald Group Publishing Ltd.
dc.rightsAll rights reserved
dc.titleFinancing housing and house prices in Chinaen
dc.typeArticle
prism.endingPage461
prism.issueIdentifier4en
prism.publicationDate2020en
prism.publicationNameJournal of Financial Economic Policyen
prism.startingPage445
prism.volume12en
dc.identifier.doi10.17863/CAM.43138
dcterms.dateAccepted2019-08-15en
rioxxterms.versionofrecord10.1108/JFEP-04-2019-0072en
rioxxterms.versionAM
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2020-10-20en
dc.contributor.orcidArestis, Philip [0000-0001-8729-4846]
dc.identifier.eissn1757-6393
rioxxterms.typeJournal Article/Reviewen
cam.orpheus.successThu Jan 30 10:40:13 GMT 2020 - Embargo updated*
rioxxterms.freetoread.startdate2019-01-01


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record