Housing Investment, Housing Credit and Economic Growth in China

Author

Kuang, Weida ; Zhou, Hua

Author_Institution

Dept. of Finance, Renmin Univ. of China, Beijing, China

Volume

3

fYear

2010

fDate

26-28 Nov. 2010

Firstpage

3

Lastpage

6

Abstract

Using the dataset of 35 large and medium cities in China from 1996 through 2007, this paper examines the interaction relationship between housing investment, housing credit and economic growth in China. First of all, the results show that the economic growth has a greater impact on the housing investment than the housing investment. Second, the housing purchase has a greater influence on the economic growth than the housing development. Third, the economic growth has a greater impact on housing credit than that of housing credit on economic growth. Fourth, the housing investment has the greater impact on economic growth than the housing credit, while the economic growth has a greater impact on the housing credit than the housing investment. Finally, the housing price has a greater impact on the housing credit than the economic growth and interest rate.

Keywords

economic indicators; economics; investment; packaging; China; economic growth; housing credit; housing development; housing investment; interaction relationship; interest rate; economic growth; housing development investment; housing development loan; housing purchase; housing purchase loan;

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management, Innovation Management and Industrial Engineering (ICIII), 2010 International Conference on

Conference_Location

Kunming

Print_ISBN

978-1-4244-8829-2

Type

conf

DOI

10.1109/ICIII.2010.323

Filename

5694667