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dc.contributor.advisorYuthana Sethapramoteen
dc.contributor.authorLu, Xiaomanen
dc.date.accessioned2019-08-05T08:28:43Z
dc.date.available2019-08-05T08:28:43Z
dc.date.issued2018
dc.identifierb205869
dc.identifier.urihttp://repository.nida.ac.th/handle/662723737/4522
dc.descriptionThesis (M.Econ.)--National Institute of Development Administration, 2018
dc.description.abstractThis paper aims to examine the house price cycle at the province level of China using the three-regime Markov-switching model. Our findings indicate that, in Xinjiang, Chongqing and Jiangsu, there was no secular slowdown in growth since the rapid-growth regime re-emerged at some stage. While during economic downturn and rapid economic growth, house prices fall and grow fastest, respectively, in the central region. However, during normal growth regime, house prices increase fastest in the eastern provinces. These findings indicate regional heterogeneity in China. We also investigated determinant factors of regime switching in each region. Our results show that output growth and real lending rate are two common factors in the co-movement of smooth probabilities of recession. Therefore, it should be possible to apply a uniform housing policy for the whole country, but only when house prices are in recession. However, in most cases, the government should implement a different policy according to the local conditions and determinant factors of each region.en
dc.format.extent49 leavesen
dc.format.mimetypeapplication/pdfen
dc.language.isoeng
dc.publisherNational Institute of Development Administration
dc.rightsผลงานนี้เผยแพร่ภายใต้ลิขสิทธิ์ของสถาบันบัณฑิตพัฒนบริหารศาสตร์th
dc.subjecte-Thesisen
dc.subjectHouse price cycleen
dc.subjectMarkov switching modelen
dc.subject.otherPrices -- Chinaen
dc.subject.otherPricing -- Chinaen
dc.subject.otherPrice regulation -- Chinaen
dc.titleRegime-switching housing price cycle in Chinaen
dc.typeTexten
dc.rights.holderNational Institute of Development Administration
mods.genreThesisen
mods.physicalLocationสถาบันบัณฑิตพัฒนบริหารศาสตร์. สำนักบรรณสารการพัฒนาth
thesis.degree.nameMaster of Economicsen
thesis.degree.levelMaster'sen
thesis.degree.grantorNational Institute of Development Administrationen
thesis.degree.departmentSchool of Development Economicsen


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