Matches in SemOpenAlex for { <https://semopenalex.org/work/W2338389181> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W2338389181 endingPage "121" @default.
- W2338389181 startingPage "109" @default.
- W2338389181 abstract "Abstract Due to a high vacancy rate of residential homes, housing prices remain sticky in most urban areas of China, which causes higher searching and bargaining costs. With an inefficient outcome, deadweight loss and market failure arises. To assess the Chinese government's housing policies in 2010, we develop a dynamic equilibrium model, in which we demonstrate how the sticky price results in market failure. We apply a multiple-factor panel data model to show that a high degree of market failure is associated with a high ratio of persistent components in the gap between price and equilibrium. As the persistent components will cause the market's instability, we can use the ratio between persistent and mean reverting components as an indicator to supervise the status of the housing market. We investigate the new and second-hand markets in 19 major cities, including 4 municipalities and 15 vice-provincial cities. Through our multiple-factor model, we explore the situation for each city. The results indicate these policies did improve the housing market's efficiency. It is therefore useful for the Chinese government to extend these policies to other areas to include not only big cities, but entire provinces which can improve its economic system efficiency and fairness even when its economic growth is slowing down." @default.
- W2338389181 created "2016-06-24" @default.
- W2338389181 creator A5000963112 @default.
- W2338389181 date "2016-08-01" @default.
- W2338389181 modified "2023-10-17" @default.
- W2338389181 title "Policy failure or success? Detecting market failure in China's housing market" @default.
- W2338389181 cites W1749520655 @default.
- W2338389181 cites W1988130678 @default.
- W2338389181 cites W2011404090 @default.
- W2338389181 cites W2015455428 @default.
- W2338389181 cites W2030109150 @default.
- W2338389181 cites W2034707435 @default.
- W2338389181 cites W2034709407 @default.
- W2338389181 cites W2035464613 @default.
- W2338389181 cites W2038403818 @default.
- W2338389181 cites W2054347865 @default.
- W2338389181 cites W2061025014 @default.
- W2338389181 cites W2065554538 @default.
- W2338389181 cites W2065795401 @default.
- W2338389181 cites W2076530486 @default.
- W2338389181 cites W2106049834 @default.
- W2338389181 cites W2131455385 @default.
- W2338389181 cites W2141950179 @default.
- W2338389181 cites W2152876355 @default.
- W2338389181 cites W2157231604 @default.
- W2338389181 cites W3122613737 @default.
- W2338389181 cites W3124870236 @default.
- W2338389181 cites W574185141 @default.
- W2338389181 doi "https://doi.org/10.1016/j.econmod.2016.03.024" @default.
- W2338389181 hasPublicationYear "2016" @default.
- W2338389181 type Work @default.
- W2338389181 sameAs 2338389181 @default.
- W2338389181 citedByCount "11" @default.
- W2338389181 countsByYear W23383891812017 @default.
- W2338389181 countsByYear W23383891812018 @default.
- W2338389181 countsByYear W23383891812021 @default.
- W2338389181 countsByYear W23383891812022 @default.
- W2338389181 crossrefType "journal-article" @default.
- W2338389181 hasAuthorship W2338389181A5000963112 @default.
- W2338389181 hasConcept C106159729 @default.
- W2338389181 hasConcept C133425853 @default.
- W2338389181 hasConcept C139719470 @default.
- W2338389181 hasConcept C162324750 @default.
- W2338389181 hasConcept C17744445 @default.
- W2338389181 hasConcept C178411942 @default.
- W2338389181 hasConcept C191935318 @default.
- W2338389181 hasConcept C199539241 @default.
- W2338389181 hasConceptScore W2338389181C106159729 @default.
- W2338389181 hasConceptScore W2338389181C133425853 @default.
- W2338389181 hasConceptScore W2338389181C139719470 @default.
- W2338389181 hasConceptScore W2338389181C162324750 @default.
- W2338389181 hasConceptScore W2338389181C17744445 @default.
- W2338389181 hasConceptScore W2338389181C178411942 @default.
- W2338389181 hasConceptScore W2338389181C191935318 @default.
- W2338389181 hasConceptScore W2338389181C199539241 @default.
- W2338389181 hasLocation W23383891811 @default.
- W2338389181 hasOpenAccess W2338389181 @default.
- W2338389181 hasPrimaryLocation W23383891811 @default.
- W2338389181 hasRelatedWork W1754374229 @default.
- W2338389181 hasRelatedWork W1965730994 @default.
- W2338389181 hasRelatedWork W1967777419 @default.
- W2338389181 hasRelatedWork W2021829505 @default.
- W2338389181 hasRelatedWork W2029217037 @default.
- W2338389181 hasRelatedWork W2030308438 @default.
- W2338389181 hasRelatedWork W2034484510 @default.
- W2338389181 hasRelatedWork W2335377377 @default.
- W2338389181 hasRelatedWork W2783634728 @default.
- W2338389181 hasRelatedWork W2605045606 @default.
- W2338389181 hasVolume "56" @default.
- W2338389181 isParatext "false" @default.
- W2338389181 isRetracted "false" @default.
- W2338389181 magId "2338389181" @default.
- W2338389181 workType "article" @default.