Publication
Title
Assessing the impact of the demographic dividend on real estate prices : empirical evidence from China
Author
Abstract
To elucidate the impact of the demographic dividend on real estate prices, this article uses the latest Chinese provincial data over the 2002-2013 period. The panel vector autoregression (PVAR) model combined with the impulse response function (IRF) is used to investigate the direct and indirect mechanisms of the demographic dividend that cause real estate price escalation in both the short and long term. The empirical results indicate that the demographic dividend, particularly city residents' disposable income, can not only directly increase real estate prices but also indirectly increase prices through intervening channels, such as real estate loans.
Language
English
Source (journal)
Applied economics letters. - London
Publication
London : 2015
ISSN
1350-4851
Volume/pages
22:18(2015), p. 1450-1456
ISI
000367848200004
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 16.02.2016
Last edited 17.08.2017
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