Graduation Year

2017

Date of Submission

12-2016

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Fan Yu

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Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2016 Chifeng Shen

Abstract

Shanghai’s residential property prices have been consistently rising for the past decade. Both the municipal and national governments have announced a series of alternately restrictive and encouraging house purchasing policies that aimed at adjusting housing prices. This paper studies all of the policies announced from January 2011 to October 2016. Using residential house price data of houses of different sizes and in different locations, this paper shows that two out of the six restrictive policy events achieved their intended negative impact on housing prices, while two out of four encouraging policy events delivered their intended positive impact. When aggregated, encouraging policies had a significant impact and restrictive policies did not.

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