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ISEM学术论坛[87] Capital in Transition: Housing and Sectoral Reallocation in the Long Run

题目:Capital in Transition: Housing and Sectoral Reallocation in the Long Run
报告人:Xintong Yang (Assistant Professor, ISEM-CUEB)
报告时间:2016年11月16日(周三) 1:30 pm
地点:国际经管学院会议室(诚明楼三层)
主办方:国际经济管理学院


Abstract:This paper studies the sectoral allocation of capital between housing and non-housing sectors using a two-sector general equilibrium model in a neoclassical growth environment. Calibrated to both the United States and China, the model can account for both the positive correlation between the share of housing capital and the consumption-output ratio in the United States and the negative correlation between the share of housing capital and the consumption-output ratio in China. The calibration to the Chinese economy implies that the negative correlation between the share of housing capital and the consumption-output ratio observed in China can be attributed to the high capital intensity of production of the housing sector. This paper provides a tractable framework to understand the sectoral allocation of capital between housing and non-housing sectors across countries.

Biography: Xintong Yang is an Assistant Professor of ISEM-CUEB. She works mainly on Macroeconomics, Economic growth and development, Economic theory. For more information, please refer to http://isem.cueb.edu.cn/xyry/jxyj/amc/y/76251.htm.

(日期:2016-11-16 作者: 来源:)