The collateral channel: Dynamic effects of housing market on entrepreneurship

This paper examines whether and how housing market prices affect entrepreneurship activities. To this end, we empirically test the hypothetical collateral channel, exploiting a large-scale household-level survey from China. We find that a higher growth rate of house prices is associated with a highe...

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Veröffentlicht in:	Economics letters 2021-01, Vol.198, p.109661, Article 109661
Hauptverfasser:	Oh, Seungjoon, Lee, Jaeyoon, Choi, Bong-Geun
Format:	Artikel
Sprache:	eng
Schlagworte:	Collateral Collateral channel Collaterals Entrepreneurs Entrepreneurship Growth rate Households Housing liquidity Housing market Housing price volatility Housing prices Prices Real estate Self employment Volatility
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