Dataset Information

A measurement model for real estate bubble size based on the panel data analysis: An empirical case study.

ABSTRACT: Employing the fundamental value of real estate determined by the economic fundamentals, a measurement model for real estate bubble size is established based on the panel data analysis. Using this model, real estate bubble sizes in various regions in Japan in the late 1980s and in recent China are examined. Two panel models for Japan provide results, which are consistent with the reality in the 1980s where a commercial land price bubble appeared in most area and was much larger than that of residential land. This provides evidence of the reliability of our model, overcoming the limit of existing literature with this method. The same models for housing prices in China at both the provincial and city levels show that contrary to the concern of serious housing price bubble in China, over-valuing in recent China is much smaller than that in 1980s Japan.

SUBMITTER: Liu F

PROVIDER: S-EPMC5342231 | biostudies-literature | 2017

REPOSITORIES: biostudies-literature

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A measurement model for real estate bubble size based on the panel data analysis: An empirical case study.

Liu Fengyun F Liu Deqiang D Malekian Reza R Li Zhixiong Z Wang Deqing D

PloS one 20170308 3

Employing the fundamental value of real estate determined by the economic fundamentals, a measurement model for real estate bubble size is established based on the panel data analysis. Using this model, real estate bubble sizes in various regions in Japan in the late 1980s and in recent China are examined. Two panel models for Japan provide results, which are consistent with the reality in the 1980s where a commercial land price bubble appeared in most area and was much larger than that of resid ...[more]

PMID: 28273141

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Dataset Information

A measurement model for real estate bubble size based on the panel data analysis: An empirical case study.

Publications

A measurement model for real estate bubble size based on the panel data analysis: An empirical case study.

Similar Datasets

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