Spatial interrelations of Chinese housing markets: Spatial causality, convergence and diffusion
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- 作者：Yunlong Gonga ; Y.Gong-1@tudelft.nl" class="auth_mail" title="E-mail the corresponding author ; Jinxing Hub ; jxhu@orec.ecnu.edu.cn" class="auth_mail" title="E-mail the corresponding author ; Peter J. Boelhouwera ; P.J.Boelhouwer@tudelt.nl" class="auth_mail" title="E-mail the corresponding author
- 关键词：C31 ; C33 ; R21 ; R31
- 刊名：Regional Science and Urban Economics
- 出版年：2016
- 出版时间：July 2016
- 年：2016
- 卷：59
- 期：Complete
- 页码：103-117
- 全文大小：1352 K
文摘
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Spatial interrelationships of 10 housing markets in the Pan-Pearl River Delta in China are comprehensively tested.
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A unidirectional house price causal flow from eastern-central area to western China is tentatively confirmed.
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There is no sufficient evidence supporting the long-run cointegration and convergence of housing markets in the Pan-PRD.
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A shock to the house price of a specific city gradually spreads to remaining cities with distant cities responding lastly.