“…This approach suggests that urbanization factors significantly influence the need for housing for residents in small cities. Improvements in the urbanization rate therefore contribute to booming consumption demand, while the prosperity of tertiary industry boosts investment housing demand (Du, Yang, Li, & Zuo, ). Hui and Yue () argue that as a result of rapid economic growth and urbanization, the demand for urban land and new dwellings has increased accordingly, leading to the sustained growth of housing investment.…”
Section: Theory Of Real Estate Investment Under Urbanization and Bootmentioning
This paper applies bootstrap panel Granger causality totest the relationship between urbanization and real estate investment from 1990 to 2014 for 29 provinces in China. We argue that the patterns of interaction between urbanization and investment in real estate vary across regions.
“…This approach suggests that urbanization factors significantly influence the need for housing for residents in small cities. Improvements in the urbanization rate therefore contribute to booming consumption demand, while the prosperity of tertiary industry boosts investment housing demand (Du, Yang, Li, & Zuo, ). Hui and Yue () argue that as a result of rapid economic growth and urbanization, the demand for urban land and new dwellings has increased accordingly, leading to the sustained growth of housing investment.…”
Section: Theory Of Real Estate Investment Under Urbanization and Bootmentioning
This paper applies bootstrap panel Granger causality totest the relationship between urbanization and real estate investment from 1990 to 2014 for 29 provinces in China. We argue that the patterns of interaction between urbanization and investment in real estate vary across regions.
“…As indicated by some previous findings, low-income communities tend to remain in the downtown area, due to limited access to housing in accordance with their financial capabilities [23]. Residential stability and family size significantly affect investment and increase housing demand [56]. On the other hand, rural migrants make significant contribution to the overall urban economy and the local districts where migrant settlements are located [55].…”
Section: Constructing the Management Model Of Slum Areasmentioning
“…To the best of our knowledge, most scholars study housing consumption demand and housing investment demand based on household survey data [ [37] , [38] , [39] , [40] , [41] ], and there has been rarely study using an econometric model to fully separate housing consumption from housing investment. The closest paper to this study is that of Yang [ 42 ].…”
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