The central question addressed by this study is whether countries with above-average governance grew faster than countries with below-average governance. Using the World Bank’s worldwide governance indicators to measure governance performance, it examines whether a country with governance...

The development of the housing market in the People's Republic of China is not only a major component of Chinese economic growth but also has wide-ranging influential impacts on Chinese society. A burgeoning number of papers have examined the housing market in the postreform People's Republic of...

An autoregressive fixed effects panel data equation in error-ridden endogenous and exogenous variables, with finite memory of disturbances, latent regressors and measurement errors is considered. Finite sample properties of GMM estimators are explored by Monte Carlo (MC) simulations. Two kinds...

This paper investigates the association between real estate demand and the volatility of population changes. In a financial liberalized housing market, the housing mortgage loan implies insurance function to homeowners through the default option. Larger expected volatilities in the population...

This paper used an estimated mixed multinomial logit model of household housing demand to examine the impact of four housing market-related policies on a stated preference survey sample. The estimated demand probability function suggested that household choice behaviour does show huge...

In this study we apply a random utility modeling framework to analyze housing demand in the city of Shanghai. A Multinomial Logit Model taking account of latent choice sets is employed to investigate the impact of household characteristics, such as income, size and age composition, on the choice...

We examine how the source of foreign aid affects the composition of the recipient government's spending. Does the source of aid - bilateral or multilateral - influence recipient policy-makers' choice between development and nondevelopment expenditure? We depart from previous literature by...