Housing Market Sentiment and Policy Effectiveness: Evidence from Shanghai

2016 ◽  
Author(s):  
Zhengyi Zhou
2014 ◽  
Vol 44 ◽  
pp. 375-385 ◽  
Author(s):  
Eddie Chi-man Hui ◽  
Ziyou Wang

2016 ◽  
Vol 34 (1) ◽  
pp. 57-78 ◽  
Author(s):  
Ziyou Wang ◽  
Eddie Chi-man Hui

Author(s):  
Zhaoyingzi Dong ◽  
Eddie C. M. Hui ◽  
Daichun Yi

2018 ◽  
Vol 10 (2) ◽  
pp. 167
Author(s):  
Calvin W. H. Cheong ◽  
Lisa L. H. Ngui ◽  
Shella Georgina Beatrice

This paper examines the factors that drive the recent exponential growth in Malaysian house prices. We first construct a sentiment index for the housing market in Malaysia guided by the methods employed by Baker and Wurgler (2006). Preliminary analyses of our bias-free sentiment index indicate a strong correlation with overall market confidence which attests to the reliability of our index. The results also show contemporaneous sentiment to strongly influence future housing market returns especially in the short-term. Contrary to the literature, our results suggest that it is property developer behaviour that drive sentiments and property prices. The study contributes to the literature by providing an easily generalizable method of constructing a housing market sentiment index in other countries that holistically accounts for essential housing market elements that are otherwise ignored in confidence indices. This study also contributes to practice as it provides evidence to policy-makers who wish to cool property markets may want to design interventions that are targeted at property developers instead of home-buyers or speculators.


Author(s):  
Federico VAZ ◽  
Sharon PRENDEVILLE

Described as units developing public policies in a design-oriented manner, Policy Labs are tasked to innovate to gain in policy effectiveness and efficiency. However, as public policymaking is a context-dependent activity, the way in which these novel organisations operate significantly differs. This study discusses the emergence of design approaches for policy innovation. The purpose is to map how Policy Labs in Europe introduce design approaches at distinct stages of the policymaking cycle. For this study, 30 organisations in Europe operating at various levels of government were surveyed. Based on the public policymaking process model, it investigates which design methods are Policy Labs deploying to innovate public policies. The study exposed a gap in the awareness of the utilised methods' nature. It also showed that the use of design methods is of less importance than the introduction of design mindsets for public policy innovation, namely ‘user-centredness’, ‘co-creation’, and ‘exploration’.


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