کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
865650 | 909677 | 2008 | 7 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Determinants of Housing Liquidity in Chinese Cities: Does Market Maturity Matter?
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
موضوعات مرتبط
مهندسی و علوم پایه
سایر رشته های مهندسی
مهندسی (عمومی)
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
Housing liquidity measures the ability to convert housing to cash as an important characteristic of housing stock. A simple model of buyer offers' distributions was used to theoretically explore the determinants of housing liquidity in a search process. An empirical ordinary least squares model of the time-on-market was developed using data collected in four Chinese cities (Beijing, Shanghai, Guangzhou, and Shenzhen). The results show that in these four Chinese cities, market maturity dominates the variation of housing liquidity, with the effects of housing characteristics, seller's search cost, search strategy, and market conditions being less significant to the time-on-market equation. These empirical results indicate that the slow turn-over of housing stock may constrain the overall level of housing liquidity in major Chinese cities.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Tsinghua Science & Technology - Volume 13, Issue 5, October 2008, Pages 689-695
Journal: Tsinghua Science & Technology - Volume 13, Issue 5, October 2008, Pages 689-695
نویسندگان
Wu (å´ ç), Zheng (éæé½),