The results suggest that there is no wealth effect in the market but only substitution effect.
The results suggest that there is no wealth effect in the market but only substitution effect.
实证结果表明，我国房地产市场不具有财富效应而仅具有替代效应。
The results suggest that there is no wealth effect in the market but only substitution effect.
实证结果表明，我国房地产市场不具有财富效应而仅具有替代效应。