{"id":"https://openalex.org/W2611265288","doi":"https://doi.org/10.1111/1468-0106.12230","title":"Did bubbles migrate from the stock to the housing market in China between 2005 and 2010?","display_name":"Did bubbles migrate from the stock to the housing market in China between 2005 and 2010?","publication_year":2017,"publication_date":"2017-08-01","ids":{"openalex":"https://openalex.org/W2611265288","doi":"https://doi.org/10.1111/1468-0106.12230","mag":"2611265288"},"language":"en","primary_location":{"id":"doi:10.1111/1468-0106.12230","doi":"https://doi.org/10.1111/1468-0106.12230","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1468-0106.12230","pdf_url":null,"source":{"id":"https://openalex.org/S200274427","display_name":"Pacific Economic Review","issn_l":"1361-374X","issn":["1361-374X","1468-0106"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2945257","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5004866012","display_name":"Yongheng Deng","orcid":"https://orcid.org/0000-0002-4438-5171","observed_orcids":["https://orcid.org/0000-0002-4438-5171"]},"institutions":[{"id":"https://openalex.org/I165932596","display_name":"National University of Singapore","ror":"https://ror.org/01tgyzw49","country_code":"SG","type":"education","lineage":["https://openalex.org/I165932596"]}],"countries":["SG"],"is_corresponding":false,"raw_author_name":"Yongheng Deng","raw_affiliation_strings":["National University of Singapore, Singapore"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National University of Singapore, Singapore","institution_ids":["https://openalex.org/I165932596"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5021763845","display_name":"\u00c9ric Girardin","orcid":"https://orcid.org/0000-0002-5443-3640","observed_orcids":["https://orcid.org/0000-0002-5443-3640"]},"institutions":[{"id":"https://openalex.org/I1294671590","display_name":"Centre National de la Recherche Scientifique","ror":"https://ror.org/02feahw73","country_code":"FR","type":"government","lineage":["https://openalex.org/I1294671590"]},{"id":"https://openalex.org/I21491767","display_name":"Aix-Marseille Universit\u00e9","ror":"https://ror.org/035xkbk20","country_code":"FR","type":"education","lineage":["https://openalex.org/I21491767"]},{"id":"https://openalex.org/I4210129108","display_name":"Aix-Marseille Sciences Economiques","ror":"https://ror.org/02ek9wp67","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I21491767","https://openalex.org/I4210129108","https://openalex.org/I4210150854"]},{"id":"https://openalex.org/I90669466","display_name":"\u00c9cole des hautes \u00e9tudes en sciences sociales","ror":"https://ror.org/02d9dg697","country_code":"FR","type":"facility","lineage":["https://openalex.org/I90669466"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Eric Girardin","raw_affiliation_strings":["Aix\u2010Marseille University Aix\u2010Marseille School of Economics, CNRS &amp; EHESS Marseille France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Aix\u2010Marseille University Aix\u2010Marseille School of Economics, CNRS &amp; EHESS Marseille France","institution_ids":["https://openalex.org/I1294671590","https://openalex.org/I21491767","https://openalex.org/I4210129108","https://openalex.org/I90669466"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5058250182","display_name":"Roselyne Joyeux","orcid":"https://orcid.org/0000-0002-3823-9135","observed_orcids":["https://orcid.org/0000-0002-3823-9135"]},"institutions":[{"id":"https://openalex.org/I99043593","display_name":"Macquarie University","ror":"https://ror.org/01sf06y89","country_code":"AU","type":"education","lineage":["https://openalex.org/I99043593"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Roselyne Joyeux","raw_affiliation_strings":["Macquarie University, Sydney, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Macquarie University, Sydney, Australia","institution_ids":["https://openalex.org/I99043593"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5103050273","display_name":"Shuping Shi","orcid":"https://orcid.org/0000-0001-8571-3066","observed_orcids":["https://orcid.org/0000-0001-8571-3066"]},"institutions":[{"id":"https://openalex.org/I99043593","display_name":"Macquarie University","ror":"https://ror.org/01sf06y89","country_code":"AU","type":"education","lineage":["https://openalex.org/I99043593"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Shuping Shi","raw_affiliation_strings":["Macquarie University, Sydney, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Macquarie University, Sydney, Australia","institution_ids":["https://openalex.org/I99043593"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":6,"corresponding_author_ids":["https://openalex.org/A5021763845"],"corresponding_institution_ids":["https://openalex.org/I1294671590","https://openalex.org/I21491767","https://openalex.org/I4210129108","https://openalex.org/I90669466"],"apc_list":{"value":2760,"currency":"USD","value_usd":2760},"apc_paid":null,"fwci":12.7756,"has_fulltext":false,"cited_by_count":55,"citation_normalized_percentile":{"value":0.98451672,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"22","issue":"3","first_page":"276","last_page":"292"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.39329999685287476,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.39329999685287476,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.1964000016450882,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.18639999628067017,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/asset-bubbles","display_name":"asset price bubbles","score":0.7620000243186951},{"id":"https://openalex.org/keywords/stock-market","display_name":"stock market","score":0.6729999780654907},{"id":"https://openalex.org/keywords/housing-market","display_name":"housing market","score":0.9629999995231628},{"id":"https://openalex.org/keywords/bubble-migration","display_name":"bubble migration","score":0.9319999814033508},{"id":"https://openalex.org/keywords/speculative-bubbles","display_name":"speculative bubbles","score":0.6110000014305115},{"id":"https://openalex.org/keywords/shanghai-stock-market","display_name":"Shanghai stock market","score":0.6570000052452087},{"id":"https://openalex.org/keywords/housing-prices","display_name":"housing prices","score":0.5699999928474426}],"concepts":[{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6680587530136108},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.6383891105651855},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6330004930496216},{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.6294258832931519},{"id":"https://openalex.org/C12747933","wikidata":"https://www.wikidata.org/wiki/Q13405082","display_name":"Stock market bubble","level":4,"score":0.541012167930603},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5165216326713562},{"id":"https://openalex.org/C201543015","wikidata":"https://www.wikidata.org/wiki/Q207781","display_name":"Economic bubble","level":2,"score":0.48971274495124817},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4690423905849457},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.46058720350265503},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.4420424997806549},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3911781311035156},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.11645013093948364},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.08159634470939636},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1111/1468-0106.12230","doi":"https://doi.org/10.1111/1468-0106.12230","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1468-0106.12230","pdf_url":null,"source":{"id":"https://openalex.org/S200274427","display_name":"Pacific Economic Review","issn_l":"1361-374X","issn":["1361-374X","1468-0106"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific Economic Review","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2945257","doi":"https://doi.org/10.2139/ssrn.2945257","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2945257","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"mag:2802301086","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:hal:journl:hal-01682809","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:HAL:hal-01682809v1","doi":null,"is_oa":false,"landing_page_url":"https://amu.hal.science/hal-01682809","pdf_url":null,"source":{"id":"https://openalex.org/S4406922393","display_name":"HAL AMU","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://onlinelibrary.wiley.com/doi/10.1111/1468-0106.12230/abstract","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:bla:pacecr:v:22:y:2017:i:3:p:276-292","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/1468-0106.12230","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2945257","doi":"https://doi.org/10.2139/ssrn.2945257","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2945257","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":72,"referenced_works":["https://openalex.org/W1482278439","https://openalex.org/W1492552610","https://openalex.org/W1505477478","https://openalex.org/W1526117138","https://openalex.org/W1556316478","https://openalex.org/W1589142552","https://openalex.org/W1596891730","https://openalex.org/W1706984740","https://openalex.org/W1791204545","https://openalex.org/W1964520477","https://openalex.org/W1978787692","https://openalex.org/W1979575715","https://openalex.org/W1995238773","https://openalex.org/W1999996900","https://openalex.org/W2004002083","https://openalex.org/W2009445276","https://openalex.org/W2030226214","https://openalex.org/W2032049683","https://openalex.org/W2042969518","https://openalex.org/W2043767752","https://openalex.org/W2054975169","https://openalex.org/W2058366524","https://openalex.org/W2065794328","https://openalex.org/W2066313498","https://openalex.org/W2073807545","https://openalex.org/W2081494739","https://openalex.org/W2084709361","https://openalex.org/W2090218361","https://openalex.org/W2091784706","https://openalex.org/W2095401108","https://openalex.org/W2106290794","https://openalex.org/W2109256327","https://openalex.org/W2115564986","https://openalex.org/W2124683512","https://openalex.org/W2139238934","https://openalex.org/W2146171062","https://openalex.org/W2146392543","https://openalex.org/W2150637392","https://openalex.org/W2156858189","https://openalex.org/W2162186405","https://openalex.org/W2170954613","https://openalex.org/W2192090669","https://openalex.org/W2236946513","https://openalex.org/W2239230408","https://openalex.org/W2296442602","https://openalex.org/W2478983658","https://openalex.org/W2503492041","https://openalex.org/W2509259464","https://openalex.org/W2543658475","https://openalex.org/W2622783749","https://openalex.org/W2891978443","https://openalex.org/W3121133327","https://openalex.org/W3121646377","https://openalex.org/W3122154944","https://openalex.org/W3122580861","https://openalex.org/W3123153611","https://openalex.org/W3123195209","https://openalex.org/W3123325360","https://openalex.org/W3123425418","https://openalex.org/W3123512595","https://openalex.org/W3124065349","https://openalex.org/W3124307404","https://openalex.org/W3124381077","https://openalex.org/W3124479107","https://openalex.org/W3124923994","https://openalex.org/W3125003292","https://openalex.org/W3125260748","https://openalex.org/W3125317730","https://openalex.org/W3125914525","https://openalex.org/W3125973547","https://openalex.org/W4236584637","https://openalex.org/W4238978145"],"related_works":["https://openalex.org/W2902503847","https://openalex.org/W7056466795","https://openalex.org/W2745083616","https://openalex.org/W2005159349","https://openalex.org/W2352677172","https://openalex.org/W7110573143","https://openalex.org/W2084709361","https://openalex.org/W2747923986","https://openalex.org/W2296442602","https://openalex.org/W4393133223"],"abstract_inverted_index":{"Abstract":[0],"The":[1,79],"speculative":[2,97],"nature":[3],"of":[4,16,32,41,56,76,81,115,121],"both":[5,100],"stock":[6,20,69,129],"and":[7,29,62,95,107,137],"housing":[8,35,54,60,132],"markets":[9],"in":[10,65,72,99,135,141],"China":[11],"has":[12],"attracted":[13],"the":[14,26,39,42,45,73,77,82,105,113,118,128,131],"attention":[15],"observers.":[17],"However,":[18],"while":[19],"market":[21,61,70,133],"data":[22,37],"are":[23],"easily":[24],"available,":[25],"low":[27,30],"frequency":[28],"quality":[31],"publicly":[33],"available":[34],"price":[36],"hampers":[38],"study":[40,63],"relationship":[43],"between":[44,117],"two":[46,119],"markets.":[47,101],"We":[48,102,123],"use":[49,80],"original":[50],"hedonic":[51],"weekly":[52],"resale":[53],"prices":[55],"a":[57,138],"major":[58],"Chinese":[59],"them":[64],"conjunction":[66],"with":[67],"Shanghai's":[68],"index":[71],"second":[74],"half":[75],"2000s.":[78],"Phillips":[83,108],"et":[84],"al.":[85],"(2015":[86],"a,b)":[87],"recursive":[88],"explosive\u2010root":[89],"test":[90],"enables":[91],"us":[92],"to":[93,111,130],"detect":[94,112,124],"date":[96],"episodes":[98],"then":[103],"implement":[104],"Greenaway\u2010McGrevy":[106],"(2016)":[109],"methodology":[110],"presence":[114],"migration":[116,126],"types":[120],"bubbles.":[122],"significant":[125],"from":[127],"bubble":[134],"2009":[136],"temporary":[139],"spillover":[140],"2007.":[142]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":8},{"year":2020,"cited_by_count":8},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":11},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2017-05-12T00:00:00"}
