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The Political Incentives Behind China’s Rising Housing Prices

In: Economics and Finance Readings

Author

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  • Qingzhu Zhang

    (Yunnan University of Finance and Economics)

Abstract

Although previous studies have documented the impact of various factors on the prices of commercial housing in China, there remains a paucity of knowledge regarding the influence of the tenure length of Chinese officials during their incumbency. I address this gap by analyzing fluctuations in the prices of commercial housing in China during officials’ terms of office. The report proposes that during the tenure of a municipal party secretary, housing prices show a yearly upward trend in line with the extension of the term. The report’s empirical analysis draws upon a dataset, matching the prices of commercial housing from 2010 to 2017 with the tenure of serving Chinese municipal party secretaries. The report demonstrates a significant tenure effect: the prices of commercial housing increase over time within the term of a municipal party secretary. Furthermore, this tenure effect is also pronounced in sub-provincial-level cities.

Suggested Citation

  • Qingzhu Zhang, 2024. "The Political Incentives Behind China’s Rising Housing Prices," Springer Books, in: Evan Lau & Widya Paramita & Kai-Hong Tee & Lee Ming Tan (ed.), Economics and Finance Readings, pages 137-147, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-3512-9_8
    DOI: 10.1007/978-981-97-3512-9_8
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