The urban housing market in a transitional economy: Shanghai as a case study

2006 2006

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Abstract (summary)

The urban housing market has been an important research topic for urban geographers and urban economists. After 1990 when former communist regimes were transformed from planned to market-oriented economies and globalization accelerated, the urban housing markets of the transitional nations attracted increasing attention from academia. Most of these studies addressed housing market structure, housing price and residential location. Similarly, this research examines housing market structure and housing price in the newly established housing market in Shanghai.

This research begins with an exploration of market structure and market players and the interactions between them. Market structure sets the framework within which market players' maximize their market related interests. China's reform and its integration into the world economy have brought many players into its urban housing market. These players not only have unique interests in the market but also share common interests to some extent. Players include international institutions, private companies, and traditional forces, such as the government and work units. It is necessary to understand market structure and players and how they interact because this knowledge is fundamental for any further investigation of the market. Moreover, the analysis of market structure and market players adds texture to the following empirical analysis.

Housing price is another focus of this research. The determinants of housing price and the geographical distribution of housing price are the main research topics of housing price studies. Previous literature has documented the effects of houses' structural and locational characteristics on housing price. However, they rarely pay attention to the influences of 'macro factors' (such as FDI, economic transition (ET) and urban transformation (UT)) on housing price, although these factors do play crucial roles. Using hedonic modeling techniques, this research conducts quantitative analyses of the impacts of 'macro factors' on housing price. The hedonic models are fitted for both the whole housing market and individual submarkets. Since the modeling results may be affected by definition of submarkets and there are many methods to delimit the submarkets, this research also explores an appropriate method of market segregation for Shanghai's housing market.

Indexing (details)

Urban areas;
Housing prices;
Emerging markets;
Market structure;
Real estate;
0366: Geography
0501: Economics
Identifier / keyword
Social sciences; China; Housing market; Market structure; Shanghai; Transitional economy; Urban market
The urban housing market in a transitional economy: Shanghai as a case study
Tang, Zhigang
Number of pages
Publication year
Degree date
School code
DAI-A 67/04, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
Knudsen, Daniel
Indiana University
University location
United States -- Indiana
Source type
Dissertations & Theses
Document type
Dissertation/thesis number
ProQuest document ID
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
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