IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v25y2018i15p1051-1057.html
   My bibliography  Save this article

Effects of house-sale restrictions in China: a difference-in-difference approach

Author

Listed:
  • Yan Yan
  • Ouyang Hongbing

Abstract

Chinese housing prices have increased rapidly in recent years. Concerned about the potential for a burst bubble, the Chinese government has been intervening in the market to rein in the rising price trend since 2010. In March 2017, a new housing policy, called house-sale restriction, was developed to curtail speculation in the Chinese housing market. This study uses a difference-in-difference model to examine the policy effect of this new restriction. By using house-sale and price data of 43 cities across 30 provinces in China, we find that house-sale restrictions could effectively reduce speculation in the market as well as decrease housing prices in the short term. This study analyses only the short-term effect of this new housing policy; the long-term effect requires further examination.

Suggested Citation

  • Yan Yan & Ouyang Hongbing, 2018. "Effects of house-sale restrictions in China: a difference-in-difference approach," Applied Economics Letters, Taylor & Francis Journals, vol. 25(15), pages 1051-1057, September.
    • Handle: RePEc:taf:apeclt:v:25:y:2018:i:15:p:1051-1057
    DOI: 10.1080/13504851.2017.1394968
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2017.1394968
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2017.1394968?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Somerville, Tsur & Wang, Long & Yang, Yang, 2020. "Using purchase restrictions to cool housing markets: A within-market analysis," Journal of Urban Economics, Elsevier, vol. 115(C).
    2. Min Zhou & Wei Guo, 2023. "Self-rated Health and Objective Health Status Among Rural-to-Urban Migrants in China: A Healthy Housing Perspective," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 42(1), pages 1-24, February.
    3. Shi, Song & Zhang, Hong & Zhang, Jun, 2022. "The impact of a home purchase restrictions (HPR) policy on the distressed property market in Beijing," Journal of Housing Economics, Elsevier, vol. 58(PB).
    4. Ya Gao & Xiuting Li & Jichang Dong, 2019. "Does Housing Policy Sustainability Matter? Evidence from China," Sustainability, MDPI, vol. 11(17), pages 1-17, August.
    5. Zheng Chang & Weifeng Li & Mi Diao & Xin Li, 2024. "Marriage entry, divorce and reconciliation: The unintended consequence of the home purchase restriction policy in China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    6. Chen, Yunping & Chen, Huanhuan & Li, Guorong & Jiao, Dongdan & Xu, Xiangyun, 2021. "Time-varying effect of macro-prudential policies on household credit growth: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 241-254.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:25:y:2018:i:15:p:1051-1057. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.