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  • What drives urban consumption in mainland china? The role of property price dynamics 

    Chen, Yu-Fu; Funke, Michael; Mehrotra, Aaron (University of DundeeHamburg UniversityBank for International Settlements, 2011)
    This paper adds to the literature on wealth effects on consumption by disentangling house price effects on consumption for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence ...

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