期刊
REVIEW OF DEVELOPMENT ECONOMICS
卷 25, 期 1, 页码 76-103出版社
WILEY
DOI: 10.1111/rode.12705
关键词
city; housing price; innovation output; talent aggregation; talent movement
资金
- Humanities and Social Science Training Program at Ningbo University [XPYB19001]
This study analyzed the impact of housing prices on talent attraction and innovation output in cities. It found that generally, rising housing prices are positively correlated with innovation outcomes and talent attraction, but this positive correlation has started to weaken in first-tier cities, potentially leading to a crowding-out effect.
How housing costs would influence the job-housing choice of talent and associated city-level innovation performance is a question of interest for urban development policies. Recently, considerable attention has been paid to the influence of rising housing prices on the attraction of talent and the associated innovation output in major Chinese cities. In this paper, we use the housing price data of 51 cities from the China Real Estate Index System database and the corresponding macro data of China City Statistical Yearbooks from 2005 to 2014 to analyze this focal research question. The empirical analysis shows that the increase in city housing prices generally correlates positively with city innovation outcome and talent attraction, suggesting no crowding-out effect on the innovative performance of the city. However, the positive association between housing prices and innovation outcome and talent attraction has started to disappear in first-tier cities in recent years, suggesting potential crowding-out effect if the increasing housing prices transform to bubbles. This research thus provides considerable policy implications concerning the impacts of housing prices on talent movement and innovation output.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据