Capital Inflows and Property Prices: Ethnicity, Education, and Spillovers
dc.contributor.author | Chang Y-Y | |
dc.contributor.author | Dasgupta S | |
dc.date.available | 15/02/2022 | |
dc.date.issued | 15/02/2022 | |
dc.description | CAUL read and publish agreement 2023 | |
dc.description.abstract | China has experienced significant capital flight over the last two decades. Despite anecdotal evidence that some of this capital has been invested in foreign residential markets, not much is known about its destination and impact. We examine the effects of capital inflows from China on residential property prices and the real economy in the U.S. and global metropolitan areas. We show that inflows had significant effects on residential property markets and employment in regions that (a) have strong ethnic ties to China and (b) are destinations of Chinese students. We document spillovers to geographically adjacent regions without strong Chinese links. | |
dc.description.confidential | FALSE | |
dc.identifier.citation | Journal of Financial and Quantitative Analysis, 2022 | |
dc.identifier.doi | 10.1017/S0022109022000072 | |
dc.identifier.elements-id | 451195 | |
dc.identifier.harvested | Massey_Dark | |
dc.identifier.issn | 0022-1090 | |
dc.identifier.uri | https://hdl.handle.net/10179/16914 | |
dc.publisher | Cambridge University Press | |
dc.relation.isPartOf | Journal of Financial and Quantitative Analysis | |
dc.relation.uri | https://doi.org/10.1017/S0022109022000072 | |
dc.subject.anzsrc | 1501 Accounting, Auditing and Accountability | |
dc.subject.anzsrc | 1502 Banking, Finance and Investment | |
dc.title | Capital Inflows and Property Prices: Ethnicity, Education, and Spillovers | |
dc.type | Journal article | |
pubs.notes | Not known | |
pubs.organisational-group | /Massey University | |
pubs.organisational-group | /Massey University/Massey Business School | |
pubs.organisational-group | /Massey University/Massey Business School/School of Economics and Finance |
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