THE EVOLUTION OF THE HOUSING MARKET AND ITS SOCIOECONOMIC IMPACTS IN THE POST‐REFORM PEOPLE'S REPUBLIC OF CHINA: A SURVEY OF THE LITERATURE
系统梳理了改革后中国住房市场的关键文献,涵盖市场动态、住房泡沫争论及市场结构与运作,总结了研究空白与未来方向,适合关注中国住房市场的研究者快速把握领域全貌。
Abstract 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 China from various perspectives. This paper aims to provide a thorough survey of the key literature in the field and then supply a complete picture of the dynamics of the housing market in the People's Republic of China. To assess the functional efficiency of this nascent market, we pay particular attention to the literature that is related to the academic debate over the Chinese housing bubble issue. The structure and operation of the housing market is another major concern in this paper. Finally, we summarize the key insights of the literature that we surveyed, note research gaps in the literature, and discuss further research directions in this field.