Capital Inflows and Property Prices: Ethnicity, Education, and Spillovers

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dc.contributor.authorChang Y-Y
dc.contributor.authorDasgupta S
dc.date.available15/02/2022
dc.date.issued15/02/2022
dc.descriptionCAUL read and publish agreement 2023
dc.description.abstractChina 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.confidentialFALSE
dc.identifier.citationJournal of Financial and Quantitative Analysis, 2022
dc.identifier.doi10.1017/S0022109022000072
dc.identifier.elements-id451195
dc.identifier.harvestedMassey_Dark
dc.identifier.issn0022-1090
dc.identifier.urihttps://hdl.handle.net/10179/16914
dc.publisherCambridge University Press
dc.relation.isPartOfJournal of Financial and Quantitative Analysis
dc.relation.urihttps://doi.org/10.1017/S0022109022000072
dc.subject.anzsrc1501 Accounting, Auditing and Accountability
dc.subject.anzsrc1502 Banking, Finance and Investment
dc.titleCapital Inflows and Property Prices: Ethnicity, Education, and Spillovers
dc.typeJournal article
pubs.notesNot 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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