Tie‐Ying Liu
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Research Interests
Tie‐Ying Liu has a total of 3 co-authors. Here are the top co-authors by number of shared publications:
- Chi-Wei Su
School of Business, Wuchang College of Technology, Wuhan 430223, China
1 shared publication - Hsu-Ling Chang
Department of Accounting, Ling Tung University, Taichung City, Taiwan
1 shared publication - Xu Zhao Jiang
School of Economics Ocean University of China, Shandong, China
1 shared publication
Latest Publications
- 4 March 2016
- Published by Wiley in Economics of Transition
- Vol. 24 (2) , 361-389
China's housing bubble burst?
In this paper, we developed the recursive unit root tests to identify the beginning and end of potential speculative bubbles in the Chinese housing price cycles during 2006–2013 for the 70 major cities of China. The method is best suited for a practical implementation with a time series and delivers a consistent date‐stamping strategy for the origination and termination of multiple bubbles. Simulations demonstrate that the test significantly improves discriminatory power and leads to distinct power gains when multiple bubbles occur. Overall, the results indicate that the speculative housing price bubbles in China are not bursting, and they indicate that the stationarity of the housing price level varies across the different city sizes. Between the cities, approximately one‐fourth of the bubbles have burst up to December 2013, while the first‐tier city bubble may not burst due to the urbanization process.
- 4 March 2016
- Published by Wiley in Economics of Transition
- Vol. 24 (2) , 361-389
China's housing bubble burst?
In this paper, we developed the recursive unit root tests to identify the beginning and end of potential speculative bubbles in the Chinese housing price cycles during 2006–2013 for the 70 major cities of China. The method is best suited for a practical implementation with a time series and delivers a consistent date‐stamping strategy for the origination and termination of multiple bubbles. Simulations demonstrate that the test significantly improves discriminatory power and leads to distinct power gains when multiple bubbles occur. Overall, the results indicate that the speculative housing price bubbles in China are not bursting, and they indicate that the stationarity of the housing price level varies across the different city sizes. Between the cities, approximately one‐fourth of the bubbles have burst up to December 2013, while the first‐tier city bubble may not burst due to the urbanization process.