Dr. Song Shi
University of Technology Sydney, Sydney, New South Wales, Australia
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Academic Career Length
22Years (2005-Present)
(Calculated once Scilit publication data is synced: current year − year of first publication + 1)
Representative Publications
View All Publications1 October 2014 in Journal of Banking & Finance
Journal Article
1 March 2009 in Journal of Property Research
Journal Article
Utilising a selection of 10 urban area data sets in New Zealand for the period 1994–2004, we examine local house price co‐movements by using various house price indexing approaches, at a monthly level. Applying the Granger causality test based on a vector error correction model (VECM), where seasonality is considered by using seasonal dummy variables, we found in the long run that the ripple effect is most likely constrained within regions. There is little evidence to suggest that the ripple effect will spread nationally between main regional centres. The results support the theory that the ripple effect is likely to be caused by a region’s internal economic factors rather than migration and spatial arbitrage.
1 May 2019 in Transport Policy
Journal Article
KTKan Wai Hong Tsui
Kan Wai Hong Tsui
DTDavid Tan
David TanCCClement Kong Wing Chow
Clement Kong Wing ChowSong Shi1 January 2010 in Journal of Real Estate Research
Journal Article
Using a selected New Zealand urban area data set for the period 1994–2004, we examine price and volume dynamics using various house price indexing approaches. Applying the Granger causality test based on a vector error correction model (VECM), where seasonality is considered in the model by using seasonal dummy variables, we find that sale price and trading volume are cointegrated. Causality is caused by a long-run relationship rather than short-run dynamics between price and volume. The direction of causality for large cities is from volume to price. The results support the theory of frictional search models for housing markets in general.
1 December 2009 in Journal of Housing Economics
Journal Article
26 July 2016 in Urban Studies
Journal Article
The direction and mechanisms of the relationship between airport traffic volumes and property prices are somewhat unclear in the literature. This study adds to that body of knowledge by empirically investigating the role of airports as an essential driver of economic activity by creating employment and facilitating air travel between destinations. The two-stage least-squares (2SLS) approach is employed to investigate the link between house prices and the airport traffic volumes of New Zealand’s three key regions and airports (Auckland, Canterbury/Christchurch and Wellington) from July 2004 to December 2014. The empirical findings of the study suggest that airport traffic volumes positively and significantly influence the urban house prices of New Zealand’s three major regions.
About Me
Song received his Bachelor's degree in Civil Engineering in 1991 from Southeast University, China, and completed his PhD in Property Studies in 2009 from Massey University, New Zealand. His PhD thesis has been included in the Dean's List of Exceptional Doctoral Theses. In 2011, Song won the prestigious national Property Institute of New Zealand Academic Award. In 2013, Song was invited to Tsinghua University, China, for a scholar visit of three months. In 2017, Song left the School of Economics and Finance at Massey University and joined UTS in the School of Built Environment. He teaches property finance, investment, and financial analysis subjects at UTS. Song has widely published his research work in top academic journals, including the Journal of Banking and Finance, Pacific-Basin Finance Journal, Urban Studies, Housing Studies, Regional Science and Urban Economics, Journal of Real Estate Finance and Economics, Journal of Housing Economics, Journal of Real Estate Research, International Journal of Strategic Property Management, Journal of Property Research, Journal of Property Investment and Finance, and Journal of Real Estate Portfolio Management. He is the board director of the Global Chinese Real Estate Congress and is currently on the editorial board of the Pacific Rim Property Research Journal and the International Journal of Housing Markets and Analysis.