Determinants and Sustainability of House Prices: The Case of Shanghai, China

Determinants and Sustainability of House Prices: The Case of Shanghai, China

Recent housing policies include measures for home purchase control and shanty town redevelopment. This study proposes sustainable pricing, in that the long-run equilibrium price is determined by the fundamentals of house prices. We argue that changes in CPI might have led to rapidly growing house pr...

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Bibliographic Details
Main Authors: Gao Lu Zou, Kwong Wing Chau
Format: Article
Language:English
Published: MDPI AG 2015-04-01
Series:Sustainability
Subjects:
break date
broad money
cointegration
Engle–Granger test
exogeneity
Granger causality
inflation
sales
sustainable house price
trace test
Online Access:http://www.mdpi.com/2071-1050/7/4/4524

Internet

http://www.mdpi.com/2071-1050/7/4/4524

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