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Full-Text Articles in Social and Behavioral Sciences
An Economic Analysis Of Housing Market Instability And Affordability In China, You Wang
An Economic Analysis Of Housing Market Instability And Affordability In China, You Wang
Undergraduate Economic Review
Applying an intertemporal optimization model proposed by Aizenman and Marion (1991), this research quantifies instability in the Chinese housing market. Although the Chinese government established numerous real estate policies to ensure the stability of the housing market, the regression analyses indicate that housing policies had no significant impact on the stabilization of the Chinese housing market. Alternatively, macroeconomic factors are identified as significant explanatory variables to the instability of housing prices. In addition, this research computes the median multiple for major cities in China and provides an alternative means of investigating the abnormal housing price situation in China.
Contingent Valuation Methodology: Evaluation Of Benefits Of Improving Water Quality In The Lake Tai Region, Zongda Tu
Undergraduate Economic Review
Environmental economics is a relatively new field in the subject of economics. While the developing countries are growing and developing rapidly, the conflict between economic development and environmental preservation is becoming more and more irreconcilable. This methodology paper addresses the relationship between the water quality in the Lake Tai Region in China and economic benefits, and presents the contingent valuation methdology (CVM) to evaluate benefits.