Click on a term to reduce result list
The result list below will be reduced to the selected search terms. The terms are generated from the titles, abstracts and STW thesaurus of publications by the respective author.
374 records from EconBiz based on author Name
1. Can Volume be More Informative than Prices? Evidence from Chinese Housing Markets
abstractThis paper examines pairwise intercity price-volume dynamics in China using novel daily transaction prices and volume dataset from 32 Chinese cities. Despite geographical disparity and time variations, the volume-volume dynamic relationship plays a noticeably more significant role than price-price or price-volume relationships, suggesting that volume may be more informative than prices in China’s pairwise intercity housing market spillovers. We further propose a new index to summarize both price and volume information and better measure such spillovers. We find that the index can be significantly explained by economic fundamentals, which attests to the soundness of the basic finding
Yang, Jian; Tong, Meng; Yu, Ziliang;2023
Availability: Link
2. Simple fixes that accommodate switching costs in multi-armed bandits
Teymourian, Ehsan; Yang, Jian;2025
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 3. Low- frequency versus high-frequency housing price spillovers in China
Yang, Jian; Li, Zheng; Yu, Ziliang;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
4. Price Discovery in China’s Crude Oil Futures Markets : An Emerging Asian Benchmark?
abstractWe examine the price discovery performance of China’s crude oil futures traded on the Shanghai International Energy Exchange (INE) for the spot prices of 19 types of deliverable and non-deliverable Asian crude oil. We find evidence for the INE crude oil futures price discovery function even at the early stage for almost all the deliverable crudes and some non-deliverable crudes. Both the INE crude oil futures price and the spot price significantly contribute to the price discovery process, with substantially time-varying informational roles. While the price discovery performance was severely damaged around the period of COVID-19 pandemic shock intensification in China with the temporary cancellation of nighttime trading, it improved to some extent after China started the recovery from the shock. But such improvement deteriorated drastically and disappeared since early 2021. Further analysis reveals that both economic fundamentals (e.g., the warehouse inventory) and trading-related characteristics of the futures market are significant determinants of the price discovery performance. The overall findings imply that the INE crude oil futures market has evolved into a useful and important information source in pricing Asian crudes, and is on the path to emerge as an Asian benchmark
Yu, Ziliang; Yang, Jian; Webb, Robert I.;2022
Availability: Link
5. China’s Financial Network with International Spillovers : A First Look
abstractUsing a modified spillover index approach from the perspective of financial shocks transmission, this study is the first to explore China’s financial institution (FI) network after the global financial crisis, allowing for interactions with the financial sectors of four major global economies. We document that: (1) although banks still dominate China’s financial sector, nonbank FIs also bear considerable influence; (2) the market-oriented large commercial banks generally play a more pronounced role than the four state-owned megabanks in transmitting financial shocks; (3) China’s financial sector exerts noticeable influence on the global financial sector, particularly that of Japan; and (4) monetary policy measures dominate in determining the overall influence from other FIs to a particular FI while firm-specific factors dominate in determining the influence of a particular FI on other FIs. These findings have important policy implications
Yang, Jian; Yu, Ziliang; Ma, Jun;2022
Availability: Link
6. Housing Market Spillovers through the Lens of Transaction Volume : A New Spillover Index Approach
abstractProposing and applying a new spillover index approach based on data-determined structural vector autoregression to measure connectedness, we examine the daily housing market information transmission via transaction volume among Chinese city-level housing markets from 2009 to 2018. We document substantial information transmission on Chinese housing markets even within one day and find that the role a city-level housing market may play in the information transmission network resembles a pattern observed on other financial markets, which can be generally classified into three distinctive groups: prime senders, exchange centers, and prime receivers. City hierarchy and some fundamental economic factors, such as GDP per capita and average wage, appear to be significant determinants of such a pattern. The findings extend the existing voluminous literature solely based on housing prices or price volatility spillovers and shed new light on China's current government intervention strategy, which mainly focuses on the transaction volume in the housing markets
Yang, Jian; Tong, Meng; Yu, Ziliang;2022
Availability: Link
7. Housing Price Spillovers in China : A High-Dimensional Generalized VAR Approach
abstractApplying a proposed spillover index of high-dimensional generalized VAR framework, this paper, for the first time, explores housing price spillovers among 69 large- and medium-sized Chinese cities from July 2005 to June 2015. We find that city-level monthly housing prices in China are highly interactive with each other. Demonstrating the important role of government policy, data-determined systemically important cities in the price spillover network appear to be consistent with major cities supported by several regional development plans of the Chinese government and agglomerate in five relatively concentrated areas. A higher administrative status, population, city GDP and secondary education are significant determinants of the (net) positive spillover pattern. These findings shed new lights on understanding the housing market, regional development policies, and economic geography in China
Yang, Jian; Yu, Ziliang; Deng, Yongheng;2022
Availability: Link
8. The early impact of GDPR compliance on display advertising : the case of an ad publisher
Wang, Pengyuan; Jiang, Li; Yang, Jian;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
9. Do carbon emissions trading pilots effectively reduce CO2 emissions? : county-level evidence from eastern China
Yang, Jian; Liu, Chunli; Liu, Xin;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
10. Can volume be more informative than prices? : evidence from Chinese housing markets
Yang, Jian; Tong, Meng; Yu, Ziliang;2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link