Housing Price and Entrepreneurship in China

  title={Housing Price and Entrepreneurship in China},
  author={L. Li and Xiaoyu Wu},
  journal={Urban Economics & Regional Studies eJournal},
  • L. Li, Xiaoyu Wu
  • Published 2014
  • Economics
  • Urban Economics & Regional Studies eJournal
  • Housing price has increased dramatically in China during the past decade. The appreciation of house value could relax credit constraint and thus encourage entrepreneurship. However, a house serves as both an important investment channel and a prerequisite for marriage in China. The continuous high return of investment in housing and intensified marriage market competition make house purchase a priority for young people and their parents, which would crowd out entrepreneurial activities. Using… CONTINUE READING
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