Does Energy Consumption Drive Housing Sales in China?
—Based on an Optimal Dynamic General Equilibrium Model and Spatial Panel Data Analysis

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DOI: 10.4236/tel.2018.815218    721 Downloads   1,364 Views  
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ABSTRACT

This paper examines the housing sales in China from 2004 to 2015 utilizing an optimal dynamic general equilibrium theoretical framework combined with a macroeconomic model. The spatial panel econometric empirical results suggest that energy consumption has increased housing sales in China. However, since house is considered as a special commodity in China, and housing prices show positive impacts on housing sales.

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Du, Z. , Zhang, W. and He, Y. (2018) Does Energy Consumption Drive Housing Sales in China?
—Based on an Optimal Dynamic General Equilibrium Model and Spatial Panel Data Analysis. Theoretical Economics Letters, 8, 3548-3566. doi: 10.4236/tel.2018.815218.

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