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Paper eres2017_117:
An Investigation of housing affordability and households’ tenure choice in China

id eres2017_117
authors Liming, Yao
year 2017
title An Investigation of housing affordability and households’ tenure choice in China
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary ‘Housing affordability’ has been widely used as the key criteria to examine the ability of households to afford the housing expenditures. However, much less attention has been paid to the housing affordability issues that faced by Chinese households. This paper examines factors which would impact housing affordability, by linking the theoretical understandings in the macroeconomic environment, housing market and liquidity constraints. Quarterly time series data at the national level are employed for empirical investigation. The instrumental variable approach is employed to resolve the endogeneity issues and obtain the consistent estimators. Suggestions of taking measures to mitigating housing affordability difficulties would be discussed according to the empirical findings.
keywords Housing affordability; tenure choice; instrumental variable approach; regional variances
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Doctoral session D
last changed 2017/11/18 16:20
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