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The impact of economic policy uncertainty on real estate development in China

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The impact of economic policy uncertainty on real estate development in China

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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.

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Nội dung Text: The impact of economic policy uncertainty on real estate development in China

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