Wenjie Zhang , Lu Lin , Qiong Zhu , Dongyang Chen , Wei Ha
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引用次数: 0
Abstract
Proximity to higher education institutions has played an important role in determining land prices. However, little is known about their effects due to data limitations. We take advantage of the mushrooming of new satellite campuses of universities since China's 1999 higher education expansion to examine the impact of higher education institutions on urban land prices using micro data on land parcel transactions. Using a two-way fixed effects estimator, we find that new satellite campuses increase land prices by 6–13 percent in host counties with greater effects on commercial & residential land. These results survive several robustness checks and heterogeneity-robust estimators. Heterogeneity analysis reveals that new satellite campuses built by four-year institutions have a larger impact on the price of commercial and residential land. The impact on industrial land is more prominent in less developed regions. These results have important implications by bringing to light a key factor in shaping land prices and contributing to understanding the role of higher education institutions in China's rapid urbanization.
期刊介绍：
Applied Geography is a journal devoted to the publication of research which utilizes geographic approaches (human, physical, nature-society and GIScience) to resolve human problems that have a spatial dimension. These problems may be related to the assessment, management and allocation of the world physical and/or human resources. The underlying rationale of the journal is that only through a clear understanding of the relevant societal, physical, and coupled natural-humans systems can we resolve such problems. Papers are invited on any theme involving the application of geographical theory and methodology in the resolution of human problems.
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