What Drives House Building : The Collateral Effect with Evidence from China

This paper proposes a dualism of hypothesis derived from dynamic Cournot competition on whether house building is driven by credit constraint corresponding to collateral value. Using monthly data from Jan 2004 to May 2016 of 26 Chinese provinces and 4 direct-controlled municipalities, the empirical test suggests that collateral value do drive house building

Year of publication:	2017
Authors:	Jin, Chao
Publisher:	[2017]: [S.l.] : SSRN
Subject:	China \| Kreditsicherung \| Collateral

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