是什么推动了房屋建设:来自中国的证据的附带效应

ERN: Business Fluctuations; Cycles (Topic) Pub Date : 2017-10-26 DOI:10.2139/ssrn.2916670

Chao Jin

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引用次数: 1

摘要

本文提出了基于动态古诺竞争的二元论假设，即房屋建设是否受到抵押品价值对应的信用约束的驱动。利用2004年1月至2016年5月中国26个省和4个直辖市的月度数据，实证检验表明抵押品价值确实推动了住房建设。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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What Drives House Building: The Collateral Effect with Evidence from China

This paper proposes a dualism of hypothesis derived from dynamic Cournot competition on whether house building is driven by credit constraint corresponding to collateral value. Using monthly data from Jan 2004 to May 2016 of 26 Chinese provinces and 4 direct-controlled municipalities, the empirical test suggests that collateral value do drive house building.

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ERN: Business Fluctuations; Cycles (Topic)

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