Since 2014
Does wealth effect exist in China’s real estate market
Advances in Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Does wealth effect exist in China’s real estate market
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| Creator |
Tian, Qichang
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| Subject |
Wealth effect; Housing wealth; Stock wealth; Consumption loans
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| Description |
Abstract -This paper investigates the effect of house price changes and stock price changes on household consumption. Regression results indicate a positive and significant housing wealth effect. When housing price rises 10%, the consumption expenditure rises 0.07% in the long term. Regression results also show that the stock market wealth effect is insignificant. Different from other research, we find that short-term consumption loans has a negative but significant affect on household consumption.
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| Publisher |
World Science Publisher
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| Contributor |
—
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| Date |
2014-10-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/1020
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| Source |
Advances in Applied Economics and Finance; Vol 4, No 3 (2014); 714-716
2167-6348 |
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| Language |
eng
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| Relation |
http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/1020/1196
http://worldsciencepublisher.org/journals/index.php/AAEF/article/downloadSuppFile/1020/121 |
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| Rights |
Copyright NoticeProposed Creative Commons Copyright Notices1. Proposed Policy for Journals That Offer Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).Proposed Policy for Journals That Offer Delayed Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication, with the work [SPECIFY PERIOD OF TIME] after publication simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
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