Ontology highlight
ABSTRACT:
SUBMITTER: Huang N
PROVIDER: S-EPMC9295400 | biostudies-literature | 2023 Jan
REPOSITORIES: biostudies-literature
Huang Naqun N Pang Jindong J Yang Yanmin Y
Journal of urban economics 20220719
This paper investigates the effect of COVID-19 on both housing prices and housing price gradients in China using transaction level data from 60 Chinese cities. After using a difference-in-differences (DID) specification to disentangle the confounding effects of China's annual Spring Festival, we find that housing prices decreased by two percent immediately after the COVID-19 outbreak but gradually recovered by September 2020. Moreover, our findings suggest that COVID-19 flattens the horizontal h ...[more]