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.