Plausibly Exogenous - Capital Spillover (08/14/2021)
LHS Variable
House prices and consumer spending
RHS Variable
Out-of-town housing demand
Source of Exogenous Variation
Spillovers from the imposition of purchase restrictions on local housing to nearby unregulated cities
- Deng et al. (2021), “Capital Spillover, House Prices, and Consumer Spending: Quasi-Experimental Evidence from House Purchase Restrictions”