碩士 / 中原大學 / 財務金融研究所 / 106 / The roaring Chinese housing market have become a focus of world attention. Using a generalized version of sup ADF (GSADF), this paper is to examine the Chinese housing bubble and further to study the rationality of the government''s housing policies.
The Chinese policies as the most importance in housing market under this command economy provoke a great deal of controversies. GSADF is firstly presented by Philips et al.(2015) for detecting housing bubbles and this test is able to investigate bubble forming and collapsing without delay and thus it is suitable for Chinese housing market.
Our study has found that five Chinese megacities have had bubbles in specified periods, matching the policies. This result therefore supports the reasonableness of government’s housing policies.
| Identifer | oai:union.ndltd.org:TW/106CYCU5304007 |
| Date | January 2018 |
| Creators | Jing-Wei Liang, 梁經緯 |
| Contributors | Shu-Hen Chiang, 姜樹翰 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 49 |
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