The Evolution of the Housing Market and its Socioeconomic Impacts in the Post‐Reform People's Republic of China: A Survey of the Literature

19 Pages Posted: 29 Jul 2014

See all articles by Jie Chen

Jie Chen

Shanghai University of Finance and Economics

Xuehui Han

Date Written: September 2014

Abstract

The development of the housing market in the People's Republic of China is not only a major component of Chinese economic growth but also has wide‐ranging influential impacts on Chinese society. A burgeoning number of papers have examined the housing market in the postreform People's Republic of China from various perspectives. This paper aims to provide a thorough survey of the key literature in the field and then supply a complete picture of the dynamics of the housing market in the People's Republic of China. To assess the functional efficiency of this nascent market, we pay particular attention to the literature that is related to the academic debate over the Chinese housing bubble issue. The structure and operation of the housing market is another major concern in this paper. Finally, we summarize the key insights of the literature that we surveyed, note research gaps in the literature, and discuss further research directions in this field.

Keywords: Bubble, Housing market, Housing policy, Literature survey, People's Republic of China

Suggested Citation

Chen, Jie and Han, Xuehui, The Evolution of the Housing Market and its Socioeconomic Impacts in the Post‐Reform People's Republic of China: A Survey of the Literature (September 2014). Journal of Economic Surveys, Vol. 28, Issue 4, pp. 652-670, 2014, Available at SSRN: https://ssrn.com/abstract=2473326 or http://dx.doi.org/10.1111/joes.12076

Jie Chen (Contact Author)

Shanghai University of Finance and Economics ( email )

Shanghai, AK Shanghai 200433
China
00862165908835 (Phone)

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