Backward-bending new housing supply curve: evidence from China

Ge, J; Siqi, S

Backward-bending new housing supply curve: evidence from China

Ge, J

Siqi, S

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Publisher:: PRRES
Publication Type:: Conference Proceeding
Citation:: Proceedings of 18th Annual Pacific-Rim Real Estate Society Conference, 2012, pp. 1 - 8
Issue Date:: 2012-01

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Field	Value	Language
dc.contributor.author	Ge, J https://orcid.org/0000-0002-2252-7829	en_US
dc.contributor.author	Siqi, S	en_US
dc.contributor.editor	-	en_US
dc.date	2012-01-15	en_US
dc.date.issued	2012-01	en_US
dc.identifier.citation	Proceedings of 18th Annual Pacific-Rim Real Estate Society Conference, 2012, pp. 1 - 8	en_US
dc.identifier.uri	http://hdl.handle.net/10453/19354
dc.description.abstract	This paper tests the existence of a backward-bending housing supply relationship in China, and estimates price elasticity of new housing supply for 35 major Chinese cities. Based on the panel data model of 35 cities, it is found that the response of housing supply to price change is relatively insensitive in China, and the supply elasticity has decreased with the rise in housing price. As a result, the remarkable increase in housing prices in China can be at least partly attributed to the inelastic housing supply. The results from this paper may inform Chinese government to take effective measures to reduce the large amount of idle land so as to increase the supply for the housing market.	en_US
dc.publisher	PRRES	en_US
dc.relation.ispartof	Proceedings of 18th Annual Pacific-Rim Real Estate Society Conference	en_US
dc.relation.ispartof	Pacific Rim Real Estate Conference	en_US
dc.title	Backward-bending new housing supply curve: evidence from China	en_US
dc.type	Conference Proceeding
utslib.location	Proceedings of 18th Annual Pacific-Rim Real Estate Society Conference	en_US
utslib.location.activity	Adelaide, Australia	en_US
utslib.for	1202 Building	en_US
dc.location.activity	Adelaide, Australia	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	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2012-01-18	en_US
pubs.place-of-publication	Proceedings of 18th Annual Pacific-Rim Real Estate Society Conference	en_US
pubs.start-date	2012-01-15	en_US

Abstract:

This paper tests the existence of a backward-bending housing supply relationship in China, and estimates price elasticity of new housing supply for 35 major Chinese cities. Based on the panel data model of 35 cities, it is found that the response of housing supply to price change is relatively insensitive in China, and the supply elasticity has decreased with the rise in housing price. As a result, the remarkable increase in housing prices in China can be at least partly attributed to the inelastic housing supply. The results from this paper may inform Chinese government to take effective measures to reduce the large amount of idle land so as to increase the supply for the housing market.

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http://hdl.handle.net/10453/19354