Federal Reserve Bank of Dallas
Globalization Institute Working Papers
Do bank loans and local amenities explain Chinese urban house prices?
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.
Cite this item
Daisy J. Huang & Charles Ka Yui Leung & Baozhi Qu, Do bank loans and local amenities explain Chinese urban house prices?, Federal Reserve Bank of Dallas, Globalization Institute Working Papers 230, 01 Mar 2015.
Note: Published as: Huang, Daisy J., Charles K. Leung and Baozhi Qu (2015), "Do Bank Loans and Local Amenities Explain Chinese Urban House Prices?" China Economic Review 34: 19-38.
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This item with handle RePEc:fip:feddgw:230
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