一、主題：Housing Price Spillovers in China: A High-Dimensional Generalized VAR Approach

二、主講人：餘子良，南開大學bevictor伟德官网長任軌（tenure-track）助理教授。南開大學經濟學博士、博士後，新加坡國立大學博士後。主要研究領域包括房地産經濟、金融市場與金融機構、國際貿易與投資等。研究成果在Regional Science and Urban Economics、《世界經濟》等國内外學術期刊發表。多篇中文論文被人大複印資料、國研網等全文轉載。部分研究成果被Reuters、CNBC、The New York Times等在内的衆多國内外主流媒體或門戶網站報道。

三、時間：2017年12月13日（周三），16:00-17:00

四、地點：學院南路校區主教學樓910會議室

五、主持人：黃志剛，bevictor伟德官网副教授

Abstract: Applying a proposed spillover index of high-dimensional generalized VAR framework, this paper, for the first time, explores housing price spillovers among 69 large- and medium-sized Chinese cities from July 2005 to June 2015. We find that city-level monthly housing prices in China are highly interactive with each other. Demonstrating the important role of government policy, data-determined systemically important cities in the price spillover network appear to be consistent with major cities supported by several regional development plans of the Chinese government and agglomerate in five relatively concentrated areas. A higher administrative status, population, city GDP and secondary education are significant determinants of the (net) positive spillover pattern. These findings shed new lights on understanding the housing market, regional development policies, and economic geography in China.