Nội dung được dịch bởi AI, chỉ mang tính chất tham khảo
Bong bóng giá cả và các can thiệp chính sách trong thị trường bất động sản Trung Quốc
Tóm tắt
Sự gia tăng mạnh mẽ gần đây về giá nhà đã thu hút sự chú ý đáng kể vào thị trường bất động sản ở Trung Quốc. Sử dụng một bộ dữ liệu độc đáo về giá nhà và tiền thuê ở cấp thành phố, bài báo này điều tra sự tồn tại của bong bóng giá cả trong các thị trường bất động sản lớn của Trung Quốc. Các phát hiện của chúng tôi cho thấy bằng chứng về bong bóng giá cả trong hầu hết các thị trường bất động sản, mặc dù các bong bóng có thể được giảm thiểu đến một mức độ lớn nhờ vào sự can thiệp mạnh mẽ của chính phủ. Để phân biệt bong bóng hợp lý và bong bóng phi lý, chúng tôi mở rộng công trình hiện tại để cho phép một xu hướng thời gian xác định và các điểm gãy trong kiểm định gốc đơn vị của tỷ lệ giá nhà - tiền thuê. Do đó, kết quả của chúng tôi cho thấy rằng tỷ lệ giá - tiền thuê ở hầu hết các thành phố trong mẫu không còn phi tĩnh, điều này ngụ ý về việc không tồn tại bong bóng hợp lý trong các thị trường bất động sản.
Từ khóa
#bong bóng giá cả #thị trường bất động sản #can thiệp chính sách #tỷ lệ giá - tiền thuê #Trung QuốcTài liệu tham khảo
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