Abstract
Abstract. This paper examines the housing sales in China from 2004 to 2015 utilizing an optimal dynamic general equilibrium theoretical framework combined with a macroeconomic model. The spatial panel econometric empirical results suggest that housing prices and economic growth have increased housing sales in China. However, since house is considered as a special commodity in China, and unemployment show negative impacts on housing sales.
Keywords. Energy use, Housing values, Optimal dynamic general equilibrium, Spatial panel econometrics, China.
JEL. Q41, R31, E10.References
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