China and international housing price growth

Chang, YY; Anderson, H; Shi, S

China and international housing price growth

Chang, YY Anderson, H Shi, S

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Publication Type:: Journal Article
Citation:: China Economic Review, 2018, 50 pp. 294 - 312
Issue Date:: 2018-08-01

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Full metadata record

Field	Value	Language
dc.contributor.author	Chang, YY	en_US
dc.contributor.author	Anderson, H	en_US
dc.contributor.author	Shi, S https://orcid.org/0000-0003-4188-5151	en_US
dc.date.issued	2018-08-01	en_US
dc.identifier.citation	China Economic Review, 2018, 50 pp. 294 - 312	en_US
dc.identifier.issn	1043-951X	en_US
dc.identifier.uri	http://hdl.handle.net/10453/129102
dc.description.abstract	© 2018 Elsevier Inc. We document Chinese effects on international residential property price growth. We show that faster growth of the housing prices is associated with larger declines in recent past growth of China's GDP, larger increases in China's savings rate, or stronger rise in China's risks. These results are consistent with the notion of Chinese investing in overseas property markets when faced with less promising investment opportunities at home and when they have the means to invest offshore. These effects are stronger for countries where English is the primary spoken language, with better tertiary education quality, and that exhibit lower correlations between local property market price growth and China's interest rate.	en_US
dc.relation.ispartof	China Economic Review	en_US
dc.relation.isbasedon	10.1016/j.chieco.2018.04.013	en_US
dc.subject.classification	Economics	en_US
dc.title	China and international housing price growth	en_US
dc.type	Journal Article
utslib.citation.volume	50	en_US
utslib.for	1202 Building	en_US
utslib.for	14 Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	50	en_US

Abstract:

© 2018 Elsevier Inc. We document Chinese effects on international residential property price growth. We show that faster growth of the housing prices is associated with larger declines in recent past growth of China's GDP, larger increases in China's savings rate, or stronger rise in China's risks. These results are consistent with the notion of Chinese investing in overseas property markets when faced with less promising investment opportunities at home and when they have the means to invest offshore. These effects are stronger for countries where English is the primary spoken language, with better tertiary education quality, and that exhibit lower correlations between local property market price growth and China's interest rate.

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http://hdl.handle.net/10453/129102