Crowding-out effects of affordable and unaffordable housing in China, 1999–2010

Yuan, Nannan; Hamori, Shigeyuki

doi:10.1080/00036846.2014.957441

Cited by 11 publications

(8 citation statements)

References 14 publications

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“…S, Bahng and Park, Y, 2010). In China, most research focuses on the introduction and documentation of policies Murie, 1999, Deng et al, 2011), understanding housing affordability (Cai and Lu, 2015;Yuan and Hamori, 2014), analyzing the unequal outcomes of housing reform (Logan et al, 2010), or studying how the market forces of supply and demand interact to create shortages, bubbles, and other market conditions (Hou, 2010;Hui & Shen, 2006).…”

Section: Introductionmentioning

confidence: 99%

Impact of government intervention in the housing market: evidence from the housing purchase restriction policy in China

2017

Applied Economics

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In 2010, a housing purchase restriction policy was announced by China's central government and implemented gradually by several prefecture governments. In this paper, we empirically investigate this policy's effect on the housing market. Using a difference-indifference (DID) framework, we show that the housing purchase restriction policy reduces housing prices and transaction amounts but does not influence the housing investment or construction markets. Moreover, upstream industry suffers more than downstream industry. The results are robust to a battery of robustness checks. Heterogeneity exists across cities. We find that first-and second-tier cities as well as highly urbanized cities experience great declines in housing prices after the policy's implementation, especially cites that had high housing prices in 2010 and cities with high real estate investment as a proportion of fixed asset investment. However, the housing policy is less effective in curbing speculative demand.

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Section: Introductionmentioning

confidence: 99%

Impact of government intervention in the housing market: evidence from the housing purchase restriction policy in China

2017

Applied Economics

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“…Juggling multiple housing priorities such as location, neighborhood environment, public facilities such as school, medical centers and transport means that the affluent will often have to trade acquiring dwelling space off against a desire to obtain other dwelling attributes (Wang and Li, 2004;Yuan and Hamori, 2014). Nevertheless, accepting less space in order to obtain other valued dwelling attributes might not diminish their actual space preferences and expectations (Wang and Li, 2004).…”

Section: Differentiated Associations Across Socio-economic Gradientsmentioning

confidence: 99%

Living space and psychological well-being in urban China: Differentiated relationships across socio-economic gradients

Coulter

2016

Environ Plan A

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Western research has shown that a shortage of living space is associated with poor psychological well-being. By contrast, norms and practices of extended family co-residence, collectivist social organization and a bureaucratic quota-based housing allocation system were thought to limit the adverse psychological effects of cramped dwelling conditions in pre-reform China. As these buffers may be weakening with the dramatic housing reforms, socio-economic and cultural changes taking place in post-reform urban China, we use data from the 2010 China Family Panel Studies (N = 13,367) to re-examine the relationship between living space and psychological well-being in contemporary Chinese cities. In particular, we examine the ways in which this relationship is moderated by family wealth and community poverty in order to explore how subjective experiences of dwelling space are shaped by one's relative socio-economic position. The results show that cramped living conditions are significantly associated with poor psychological well-being in post-reform urban China. Importantly, the psychological implications of cramped dwellings may vary with family and particularly community socio-economic status as this association tends to be stronger amongst more affluent families and communities than among those that are more impoverished. Taken together the findings indicate that uneven socio-economic development, segmented cultural change and drastic housing reforms within China's cities may be interacting to configure people's housing experiences and health outcomes.

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“…3 Because this paper focuses only on mainland China we exclude the two special administrative regions of Hong Kong and Macao. Other empirical studies using provincial data for mainland China include Wu (2007), Fan and Sun (2008), Hao and Wei (2010), Lin et al (2013), Dreger and Zhang (2014), Yuan and Hamori (2014) and . 4 National Bureau of Statistics of the People's Republic of China website link is http://www.stats.gov.cn/english/.…”

Section: Datamentioning

confidence: 99%

“…Studies of regional growth in China have focused separately on agglomeration economies (e.g., Fan and Scott, 2003;Lu and Tao, 2009;Ke, 2010), exports and foreign direct investment (Wu, 2007;Hao and Wei, 2010;Dreger and Zhang, 2014), household amenity attractiveness (e.g., Liu and Shen, 2014), and housing supply (e.g., Wang and Zhang, 2014;Yuan and Hamori, 2014). Yet, there have not been any studies that have compared the relative importance of labor demand, labor supply and housing supply as sources of regional growth in China using multiple economic indicators as has been done for the US (Partridge and Rickman, 1999;2003;2006;Glaeser and Tobio, 2008;and Rickman and Wang, forthcoming).…”

Section: Introductionmentioning

confidence: 99%

Regional growth differences in China for 1995–2013: an empirical integrative analysis of their sources

Wang

Rickman

2017

Ann Reg Sci

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Abstract. An integrative analysis of several regional economic outcome variables in China for the period of 1995-2013 reveal the major sources of regional growth differences in China. Patterns of growth in population, per capita income, gross regional product, housing prices and changes in unemployment rates are identified using principal components analysis. Regression analysis of principal component scores is applied to identify geographic patterns in the sources of the growth. The analysis suggests that shifts in labor supply largely were responsible for the regional growth differences over the period, though shifts in labor demand were nearly equally as important. The results have implications for evaluating the success of regional development policies such as the Western Development Strategy.2

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Crowding-out effects of affordable and unaffordable housing in China, 1999–2010

Cited by 11 publications

References 14 publications

Impact of government intervention in the housing market: evidence from the housing purchase restriction policy in China

Impact of government intervention in the housing market: evidence from the housing purchase restriction policy in China

Living space and psychological well-being in urban China: Differentiated relationships across socio-economic gradients

Regional growth differences in China for 1995–2013: an empirical integrative analysis of their sources

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