Do high housing prices inhibit entrepreneurial activity?—Evidence from Yangtze River Delta cities, China
Zhang Juanfeng,
Lin Yupiaopiao,
Han Rui
et al.
Abstract:Contrary to the existing literature that suggests the inhibitory or facilitating effect of housing prices on entrepreneurial dynamism, this paper explores the nonlinear effect of housing prices on entrepreneurship and countervailing effect of entrepreneurial dynamism on housing prices, in addition to investigating the spatial interaction between the two. This paper constructs a simultaneous equation model (SEM) to empirically test the interaction and spillover effects between housing prices and entrepreneurial… Show more
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