Are house prices too high in China?

被引：41
|
作者：
Shen, Ling [1 ]
机构：
[1] E China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China
来源：
CHINA ECONOMIC REVIEW | 2012年 / 23卷 / 04期
关键词：
Housing affordability; Price-to-income ratio; Growth; China; AFFORDABILITY;
D O I：
10.1016/j.chieco.2012.03.008
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This short note defines a new measurement of housing affordability in terms of permanent income. Using this new measurement, we find that housing affordability in China is very strong relative to other developed economies, although the ratio of housing prices to current income in China is much higher than those of developed nations. (C) 2012 Elsevier Inc. All rights reserved.
引用
收藏
页码：1206 / 1210
页数：5
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