Internal and External Effect of Estate Investment upon Regional Innovation in China

Zhu, Chen; Da, Zhao; Qiu, Zhiyi

doi:10.1080/1540496x.2018.1530981

Cited by 8 publications

(5 citation statements)

References 18 publications

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“…So Moran's I, Geary's C and Getis-Ord's G were used to quantify the spatial autocorrelation of urban coordinated development in China, and to describe whether the spatial distribution of urban coordinated development was spatially clustered, random or dispersed, and whether it was statistically significant or not [35][36][37]. Then based on the result of the Hausman test (χ 2 = 147.99, = 0.00), we used the spatial Durbin model (SDM) with spatial effects as shown in the Formula (5) [37][38][39] to analyze whether there was an exclusive spatial interaction among neighboring cities in China. The spatial autoregression model (SAR) and the spatial autocorrelation model (SAC) were also applied as auxiliary models.…”

Section: Spatial Durbin Modelmentioning

confidence: 99%

Spatial Pattern and Effects of Urban Coordinated Development in China’s Urbanization

Líu

2020

Sustainability

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Regional urbanization in China has made formidable progress in, among other things, economic growth and urban sprawl, but local development is undergoing severe stress with irreversible impacts for urban ecological environment. Furthermore, spatial interactions are proved to be related to urban coordinated development. However, this spatial effect cannot usually be found in the literature. Based on the concept of coordinated development, the interaction among the economic, social and ecological systems of cities at prefecture level and above in China can be modeled by a coupling coordination model, and then analyzed using spatial analysis methods and spatial econometrics models, which can explain the patterns in spatial variation and its evolutionary trends. The results show that urban coordinated development has an apparent spatial heterogeneity, and East China develops better than West China. Moreover, urban coordinated development has an increasing global trend, which mainly results from East China, while the other regions cannot provide a definite boost. Lastly, there is an evident spatial dependence in urban coordinated development, which is positively influenced by an area’s own previous condition and its neighboring cities. Furthermore, population size, local GDP and green land, etc. have spatial spillover effects on urban coordinated development in China.

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Section: Spatial Durbin Modelmentioning

confidence: 99%

Spatial Pattern and Effects of Urban Coordinated Development in China’s Urbanization

Líu

2020

Sustainability

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“…At present, existing studies focus more on the direct connection between housing investment and innovation [8,21]. Although a few studies have shed some light on the intrinsic conduction logic between the two and pointed out that the inhibition effect of housing investment on enterprise innovation can be attributed to the resource misallocation, inefficiency, and high cost, etc.…”

Section: Analysis Of the Channels Of Housing Investment Affecting Urbmentioning

confidence: 99%

“…Although a few studies have shed some light on the intrinsic conduction logic between the two and pointed out that the inhibition effect of housing investment on enterprise innovation can be attributed to the resource misallocation, inefficiency, and high cost, etc. [5,21]. However, the above transmission channels have not been empirically tested.…”

Section: Analysis Of the Channels Of Housing Investment Affecting Urbmentioning

confidence: 99%

“…The suppression of capital flows by housing investment is not only an issue at the corporate level but may also be reflected at the industry and regional levels. A growing body of literature indicates that housing investment crowds out innovation within the same region [21,28]. It can be seen that the expansion of housing investment has increased the costs of industrial enterprises from multiple dimensions, which makes the total amount of corporate current assets across the city decrease.…”

Section: The Mediating Role Of Capital Flowsmentioning

confidence: 99%

“…If the high-profit assets have little technology spillover, capital for innovation would be crowded out [8]. Real estate happens to be a typical sector with both high-profit and little technology spillover [21]. In addition, rising real estate investment will have a inhibition effect on innovation [36].…”

Section: Mediating Role Of Total Profitmentioning

confidence: 99%

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The Influence of Housing Investment on Urban Innovation: An Empirical Analysis Based on City-Level Panel Data in China

et al. 2020

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The reasonable control of housing investment and the encouragement of innovation are two major tasks for the Chinese government. This article uses city-level urban panel data over 2001-2015 to study the effect of housing investment on urban innovation in China. The full-sample regression result shows that housing investment inhibits urban innovation. Housing investment can curb urban capital flow and reduce the gross profits of enterprises, which can hinder the improvement of urban innovation. As for different regions, the eastern region has been more obviously influenced by housing investment, while it has led to less influence on the middle and western regions in China. The conclusions of this study can help to clarify the internal relationship between housing investment and urban innovation, identify how to promote the current transformation and upgrading of China’s real estate investment, and improve the vitality of the real economy.

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The Influence of Housing Prices on Urban Innovation Capacity: Review and Outlook

Song

2021

Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate

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Internal and External Effect of Estate Investment upon Regional Innovation in China

Cited by 8 publications

References 18 publications

Spatial Pattern and Effects of Urban Coordinated Development in China’s Urbanization

Spatial Pattern and Effects of Urban Coordinated Development in China’s Urbanization

The Influence of Housing Investment on Urban Innovation: An Empirical Analysis Based on City-Level Panel Data in China

The Influence of Housing Prices on Urban Innovation Capacity: Review and Outlook

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