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The Role of Foreign Direct Investment in Shanghai's Real Estate Price - Culprit or Scapegoat?
https://agi.repo.nii.ac.jp/records/69
https://agi.repo.nii.ac.jp/records/69b14d8023-ad77-4498-acd2-4f39b1755cae
名前 / ファイル | ライセンス | アクション |
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WP2014-02 (425.1 kB)
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Item type | ワーキングペーパー/Working Paper(1) | |||||
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公開日 | 2015-10-16 | |||||
タイトル | ||||||
タイトル | The Role of Foreign Direct Investment in Shanghai's Real Estate Price - Culprit or Scapegoat? | |||||
言語 | en | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | ARDL | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Housing price | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Office price | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Real estate | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Shanghai | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_8042 | |||||
資源タイプ | working paper | |||||
著者 |
Huang, Jr-Tsung
× Huang, Jr-Tsung× Hwang, Yu-Ning× Lo, Kuang-Ta |
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抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | The objective of this study is to investigate whether or not real estate FD I has a significant effect on real estate prices in Shanghai, the most open and fastest-growing city in China. The study uses monthly data for Shanghai from 2003 to 2010 with the Autoregressive Distributed Lag (ARDL) approach to cointegration. The primary finding is that real estate FDI does not have a significant effect on real estate prices, both housing prices and office prices, in Shanghai in the short run. It only affect s Shanghai's office price in the long run. Therefore, this study concludes that rea l estate FDI is a scapegoat in this matter, even though many people and the media treat it as a culprit and believe that it is responsible for the surges in housing and office prices in Shanghai. | |||||
言語 | en | |||||
書誌情報 |
AGI Working Paper Series 巻 2014-02, p. 1-32, 発行日 2014-03 |
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著者版フラグ | ||||||
出版タイプ | NA | |||||
出版タイプResource | http://purl.org/coar/version/c_be7fb7dd8ff6fe43 | |||||
JEL分類コード | ||||||
主題Scheme | Other | |||||
主題 | JEL classification: F21, O18, R31 |