The impacts of capital deepening on urban housing prices: Empirical evidence from 285 prefecture-level or above cities in China
文献类型：期刊论文
| 作者 | Chen, Kunqiu1,2,3; Long, Hualou1,2,3; Qin, Chenrong4 |
| 刊名 | HABITAT INTERNATIONAL
 |
| 出版日期 | 2020-05-01 |
| 卷号 | 99页码:9 |
| 关键词 | Capital deepening Urban housing prices Transmission mechanism Regional differentiation Rational return directions "Four trillion yuan" stimulus plan |
| ISSN号 | 0197-3975 |
| DOI | 10.1016/j.habitatint.2020.102173 |
| 通讯作者 | Long, Hualou(longhl@igsnrr.ac.cn) |
| 英文摘要 | Aiming at the social phenomenon of the coexistence of high housing prices and capital deepening, this paper explores the mechanism of transmission of capital deepening to urban housing prices. The relationship between urban housing prices and capital deepening based on the empirical evidence of 285 prefecture-level or above cities during 2005-2013 is studied to provide a new perspective explaining the rise of housing prices and direction for regulating urban housing prices. The main conclusions drawn are as follows: capital deepening has enhanced urban housing prices significantly. For every 1% increase in capital deepening, the urban housing prices increase by 0.3286%. In addition, the driving effect is characterized by some regional differentiations. The Chinese government's "four trillion yuan" economic stimulus plan has increased urban housing prices significantly. Under the two-wheel driving mechanism of "market-government", capital deepening promotes urban housing prices through the extrusion effect of investment and the structure effect of housing demand. Hence, allocating capital elements rationally and realizing the integration innovation of institutions are important directions for guiding a rational return of urban housing prices. |
| WOS关键词 | RURAL INTEGRATION ; MONETARY-POLICY ; CONSUMPTION ; HOMEBUYERS ; DECISIONS ; INFLOWS ; MARKET ; SHARE |
| 资助项目 | Program of National Natural Science Foundation of China[41731286] ; Program of National Natural Science Foundation of China[41971216] ; Program of Science and Technology Plan of Guangxi Zhuang Autonomous Region[AD19110158] |
| WOS研究方向 | Development Studies ; Environmental Sciences & Ecology ; Public Administration ; Urban Studies |
| 语种 | 英语 |
| WOS记录号 | WOS:000530641400008 |
| 出版者 | PERGAMON-ELSEVIER SCIENCE LTD |
| 资助机构 | Program of National Natural Science Foundation of China ; Program of Science and Technology Plan of Guangxi Zhuang Autonomous Region |
| 源URL | [http://ir.igsnrr.ac.cn/handle/311030/159712]  |
| 专题 | 中国科学院地理科学与资源研究所 |
| 通讯作者 | Long, Hualou |
| 作者单位 | 1.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China 2.Univ Chinese Acad Sci, Coll Resources & Environm, Beijing 100049, Peoples R China 3.Chinese Acad Sci, Key Lab Reg Sustainable Dev Modeling, Beijing 100101, Peoples R China 4.Guangxi Zhuang Autonomous Reg Bur Stat, Nanning 530022, Peoples R China |
| 推荐引用方式 GB/T 7714 | Chen, Kunqiu,Long, Hualou,Qin, Chenrong. The impacts of capital deepening on urban housing prices: Empirical evidence from 285 prefecture-level or above cities in China[J]. HABITAT INTERNATIONAL,2020,99:9. |
| APA | Chen, Kunqiu,Long, Hualou,&Qin, Chenrong.(2020).The impacts of capital deepening on urban housing prices: Empirical evidence from 285 prefecture-level or above cities in China.HABITAT INTERNATIONAL,99,9. |
| MLA | Chen, Kunqiu,et al."The impacts of capital deepening on urban housing prices: Empirical evidence from 285 prefecture-level or above cities in China".HABITAT INTERNATIONAL 99(2020):9. |
入库方式： OAI收割
来源：地理科学与资源研究所
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