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The impact of economic policy uncertainty on real estate development in China
This paper analyzes the impact of economic policy uncertainty on real estate development at the macro level in China. Using the Economic Policy Uncertainty (EPU) Index released by Baker et al. (2016), we find that EPU has a leading and negative effect on real estate development investment. And there is a positive relationship between EPU innovations and the growth rate of real estate development investment.
18 p umt 22/08/2023 33 0
Từ khóa: Economic policy uncertainty, Real estate development, Real option theory, Real estate development in China, Impact of economic policy uncertainty
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