TITLE:
Does Energy Consumption Drive Housing Sales in China?—Based on an Optimal Dynamic General Equilibrium Model and Spatial Panel Data Analysis
AUTHORS:
Zhipeng Du, Weikun Zhang, Yiming He
KEYWORDS:
Energy Use, Housing Values, Optimal Dynamic General Equilibrium, Spatial Panel Econometrics, China
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.15,
December
10,
2018
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.