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Results
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A Global Perspective on Land Use Regulations and Housing Outcomes
Documentos de trabajoJunio 2022Cynthia Goytia and Eric J. HeikkilaThis paper examines the relationship between land use regulations and housing outcomes, especially housing affordability and informality. Using a unique and important database of 191 metropolitan...
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High-speed rail, market access improvement, and land market outcomes
Evidence from ChinaDocumentos de trabajoAgosto 2021Zheng ChangChina has the most extensive high-speed rail (HSR) network in the world. This study investigated how HSR impacted the land market in China from 2004 to 2016, including land prices, supply, and...
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Land Conversion and Misallocation Across Cities in China
Documentos de trabajoJunio 2019Shihe Fu, Xiaocong Xu, and Junfu ZhangThe Chinese government has been using quotas to control the amount of farmland that can be converted for urban uses in different cities every year. Using a sample of more than 1.5 million land-lease...
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The Development of Copycat Towns in China
An Initial Analysis of Their Economic, Social, and Environmental ImplicationsDocumentos de trabajoOctubre 2017Daniel Sui, Bo Zhao, and Hui KongThe great urban leap forward in China during the past four decades has dramatically transformed the Chinese landscape across the country as well as Chinese society in many profound ways. By situating...
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Real Estate Development and Financial Crises
A Comparative Study Between China and World Major Economies 1980–2014Documentos de trabajoJunio 2016Simon X. Zhao and Bryane MichaelThis report represents an international, comparative, empirical study of the relationship between financial crises and real estate development—with a focus on Japan, Hong Kong, the U.S., some...
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Bubble Economics
How Big a Shock to China’s Real Estate Sector Will Throw the Country into Recession, and Why Does It Matter?Documentos de trabajoMayo 2016Bryane Michael and Simon X. ZhaoHow far do China’s property prices need to drop in order to send the country into a recession? What does this question tell us about the way Bubble Economies work? In this paper, we develop a...
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Dealing with “Small Property Rights” in China’s Land Market Development
What Can China Learn from Its Past Reforms and the World Experience?Documentos de trabajoSeptiembre 2014Xiaofang Shen and Fan TuThis research aims to examine the knotty issue in China’s continued land market reform, the so-called “small property right” (SPR) referring to the ambivalent right to the commercial properties...