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Dr Qin Xiao

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Qin Xiao

Senior Lecturer in Finance


Seoul housing prices and the role of speculation (2009)
Journal Article
Xiao, Q., & Park, D. (2010). Seoul housing prices and the role of speculation. Empirical economics, 38(3), 619-644. doi:10.1007/s00181-009-0282-x

Between June 1998 and March 2006, the price index of apartment houses in Seoul, Korea, more than doubled, while fundamentals such as GDP, wage, and population increased by less than 35%. This study examines the role of a rational speculative bubble i... Read More about Seoul housing prices and the role of speculation.