| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23819 |
| 来源ID | Working Paper 23819 |
| Rural-Urban Migration, Structural Transformation, and Housing Markets in China | |
| Carlos Garriga; Aaron Hedlund; Yang Tang; Ping Wang | |
| 发表日期 | 2017-09-18 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper explores the contribution of the structural transformation and urbanization process to China's housing-market boom. Rural to urban migration together with regulated land supplies and developer entry restrictions can raise housing prices. This issue is examined using a multi-sector dynamic general-equilibrium model with migration and housing. Our quantitative findings suggest that this process accounts for about 80 percent of urban housing price changes. This mechanism remains valid in extensions calibrated to the two largest cities with most noticeable housing booms and to several alternative setups. Overall, supply factors and productivity account for most of the housing price growth. |
| 主题 | Macroeconomics ; Consumption and Investment ; Development and Growth ; Growth and Productivity ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w23819 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581493 |
| 推荐引用方式 GB/T 7714 | Carlos Garriga,Aaron Hedlund,Yang Tang,et al. Rural-Urban Migration, Structural Transformation, and Housing Markets in China. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23819.pdf（328KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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