[宏觀經(jīng)濟學研討會]State Misallocation and Housing Prices: Theory and Evidence from China
發(fā)文時間:2014-04-03

[ECON20141207]


宏觀經(jīng)濟學研討會
(總第158期)

 

   【時間】2014年4月9日(周三)12:15-13:45
   【地點】明商0202
   【主講】孫綬志  中國人民大學經(jīng)濟學院
   【點評】江艇  中國人民大學經(jīng)濟學院助理教授 香港科技大學經(jīng)濟學博士
   【主題】State Misallocation and Housing Prices: Theory and Evidence from China (written by Shing-Yi Wang, American Economic Review, 2011)
   【摘要】This paper examines the equilibrium price effects of the privatization of housing assets that were previously owned and allocated by the state. I develop a theoretical framework that shows that privatization can have ambiguous effects on prices in the private market, and that the degree of misallocation of the assets prior to privatization determines the subsequent price effects. I test the predictions of the model using a large-scale housing reform in China. The results suggest that the removal of price distortions allowed households to increase their consumption of housing and led to an increase in equilibrium housing prices.
   
   【主持】陳彥斌 教授

  
  人大宏觀經(jīng)濟學研討會(Macro Workshop)旨在追蹤宏觀經(jīng)濟學國際最新進展,倡導構(gòu)建符合國情的動態(tài)優(yōu)化模型,并使用計算機模擬研究經(jīng)濟增長、收入分配和宏觀政策等中國宏觀經(jīng)濟重大問題。

 

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