The Leading Role of East China Metropolitan Housing Markets: Panel Cointegration Tests

DOI

10.2991/cas-15.2015.82How to use a DOI?

Keywords

east China coastal strip; metropolis; house price; housing market; panel unit root test; panel cointegration test.

Abstract

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.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - 10.2991/cas-15.2015.82
ID  - Gaolu2015/08
ER  -