Economics

Housing prices and household consumption: a threshold effect model analysis in central and western China

H. Zheng, J. Qian, et al.

This study by Huazhu Zheng, Jiao Qian, Guihuan Liu, Yongjiao Wu, Claudio O. Delang, and Hongming He uncovers how housing prices strain household non-housing consumption in central and western China, revealing a fascinating threshold effect influenced by housing credit constraints. As the research suggests, the interplay of unaffordable housing and access to quality public education resources greatly impacts consumption patterns in these regions.