The Leading Role of East China Metropolitan Housing Markets: Panel Cointegration Tests
Available Online August 2015.
- https://doi.org/10.2991/cas-15.2015.82How to use a DOI?
- east China coastal strip; metropolis; house price; housing market; panel unit root test; panel cointegration test.
- House prices in four East China metropolises may lead those in other cities in China. The comovement between the metropolitan housing markets will reinforce their leading role in other housing markets. This paper aims to investigate the long-run relationship between four East China metropolises. The study used panel unit root and panel cointegration techniques. Tests suggested the long-run relationship existing between the East China housing markets of interest. This finding is at odds with existing studies. Average national-level city CPI positively influences housing markets. Therefore, a rational housing policy should center on East China metropolitan housing markets.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Zou Gaolu PY - 2015/08 DA - 2015/08 TI - The Leading Role of East China Metropolitan Housing Markets: Panel Cointegration Tests BT - Proceedings of the 2015 AASRI International Conference on Circuits and Systems PB - Atlantis Press SP - 345 EP - 348 SN - 2352-538X UR - https://doi.org/10.2991/cas-15.2015.82 DO - https://doi.org/10.2991/cas-15.2015.82 ID - Gaolu2015/08 ER -