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Spatial Price Differences and Inequality in the People’s Republic of China: Housing Market Evidence

dc.contributor.authorChao Li
dc.contributor.authorJohn Gibson
dc.date.accessioned2015-04-29T14:29:07Z
dc.date.available2015-04-29T14:29:07Z
dc.date.issued2014-06-30
dc.identifier.urihttp://hdl.handle.net/11540/4106
dc.description.abstractThe large literature on regional inequality in the People’s Republic of China (PRC) is hampered by incomplete evidence on price dispersion across space, making it hard to distinguish real and nominal inequality. The two main methods used to calculate spatial deflators have been to price a national basket of goods and services across different regions in the country or else to estimate a food Engel curve and define the deflator as that needed for nominally similar households to have the same food budget shares in all regions. Neither approach is convincing with the data available. Moreover, a focus on tradable goods such as food may be misplaced because of the emerging literature on the rapid convergence of traded goods prices within the PRC that contrasts with earlier claims of fragmented internal markets. In a setting where traded goods prices converge rapidly, the main source of price dispersion across space should come from non-traded items, and especially from housing given the fixity of land. In this paper we use newly available data on dwelling sales in urban PRC to develop spatially-disaggregated indices of house prices which are then used as spatial deflators for both provinces and core urban districts. These new deflators complement existing approaches that have relied more on traded goods prices and are used to re-examine the evidence on the level of regional inequality. Around one-quarter of the apparent spatial inequality disappears once account is taken of cost-of-living differences.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.titleSpatial Price Differences and Inequality in the People’s Republic of China: Housing Market Evidence
dc.typeReports
dc.subject.expertAlleviating Poverty
dc.subject.expertAnti-Poverty
dc.subject.expertExtreme Poverty
dc.subject.expertFight Against Poverty
dc.subject.expertGlobal Poverty
dc.subject.expertHealth Aspects Of Poverty
dc.subject.expertIndicators Of Poverty
dc.subject.expertParticipatory Poverty Assessment
dc.subject.expertPoverty Eradication
dc.subject.expertPoverty Analysis
dc.subject.expertPoverty In Developing Countries
dc.subject.expertPoverty Reduction Efforts
dc.subject.expertUrban Poverty
dc.subject.expertUrbanization
dc.subject.expertUrban Services
dc.subject.expertUrban Projects
dc.subject.expertUrban Problems
dc.subject.expertUrban Poverty
dc.subject.expertUrban Policy
dc.subject.expertUrban Planning
dc.subject.expertUrban Infrastructure
dc.subject.expertUrban Health
dc.subject.expertUrban Government
dc.subject.expertUrban Economic Development
dc.subject.expertUrban Development Finance
dc.subject.expertUrban Development
dc.subject.expertUrban Conditions
dc.subject.expertUrban Communities
dc.subject.expertUrban Population
dc.subject.adbDevelopment Indicators
dc.subject.adbEnvironmental Indicators
dc.subject.adbEconomic Indicators
dc.subject.adbEducational Indicators
dc.subject.adbDemographic Indicators
dc.subject.adbHealth Indicators
dc.subject.adbDisadvantaged Groups
dc.subject.adbLow Income Groups
dc.subject.adbSocially Disadvantaged Children
dc.subject.adbRural Conditions
dc.subject.adbRural Development
dc.subject.adbSocial Conditions
dc.subject.adbUrban Development
dc.subject.adbUrban Sociology
dc.subject.adbUrban Plans
dc.subject.adbUrbanism
dc.subject.adbUrban agriculture
dc.subject.adbEconomic Development
dc.subject.adbRural Urban Migration
dc.subject.adbCities
dc.subject.naturalPoor
dc.subject.naturalEconomic forecasting
dc.subject.naturalHealth expectancy
dc.subject.naturalSocial groups
dc.subject.naturalPolitical participation
dc.subject.naturalDistribution of income
dc.subject.naturalInequality of income
dc.subject.naturalDeveloping countries
dc.subject.naturalRural community development
dc.subject.naturalMass society
dc.subject.naturalSocial change
dc.subject.naturalSocial policy
dc.subject.naturalSocial stability
dc.subject.naturalPopulation
dc.subject.naturalSustainable development
dc.subject.naturalPeasantry
dc.subject.naturalUrban policy
dc.subject.naturalUrban renewal
dc.subject.naturalLocal government
dc.subject.naturalUrban renewal
dc.subject.naturalUrban housing
dc.subject.naturalUrban sociology
dc.subject.naturalTransit systems
dc.subject.naturalRapid transit
dc.subject.naturalPublic transit
dc.subject.naturalMass transit
dc.contributor.imprintAsian Development Bank
oar.themePoverty
oar.themeUrban
oar.themeLabor Migration
oar.adminregionEast Asia Region
oar.countryPeople's Republic of China
oar.identifierOAR-004597
oar.authorLi, Chao
oar.authorGibson, John
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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