{"title":"The Effect of Housing Prices on Urban Innovation Capability: New Evidence From 246 Chinese Cities","authors":"Zuanxu Chen, Mingyang Li, Marina Zhang","doi":"10.1111/ajes.12610","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>This study investigates the impact of rising housing prices on urban innovation capabilities from a comprehensive and systemic perspective, using panel data from 246 Chinese cities from 2004 to 2020. The findings challenge traditional views that emphasize only the negative effects of high housing prices on innovation. Instead, the analysis reveals that rising housing prices can enhance urban innovation through specific mechanisms. These include attracting and concentrating talent and generating spatial spillover effects that benefit neighboring cities. The study employs feasible methodological approaches, including the analytic hierarchy process (AHP), to measure urban innovation capability and spatial econometric models to capture spillover effects. The results provide valuable insights for policymakers to promote urban innovation, including stabilizing housing markets, optimizing industrial structures, attracting high-skilled individuals, and establishing inter-city innovation coordination mechanisms. This research contributes a novel theoretical framework for understanding the complex relationship between housing prices and urban innovation, enriching the fields of urban economics and innovation studies.</p>\n </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"84 2","pages":"427-440"},"PeriodicalIF":0.9000,"publicationDate":"2024-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"American Journal of Economics and Sociology","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ajes.12610","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This study investigates the impact of rising housing prices on urban innovation capabilities from a comprehensive and systemic perspective, using panel data from 246 Chinese cities from 2004 to 2020. The findings challenge traditional views that emphasize only the negative effects of high housing prices on innovation. Instead, the analysis reveals that rising housing prices can enhance urban innovation through specific mechanisms. These include attracting and concentrating talent and generating spatial spillover effects that benefit neighboring cities. The study employs feasible methodological approaches, including the analytic hierarchy process (AHP), to measure urban innovation capability and spatial econometric models to capture spillover effects. The results provide valuable insights for policymakers to promote urban innovation, including stabilizing housing markets, optimizing industrial structures, attracting high-skilled individuals, and establishing inter-city innovation coordination mechanisms. This research contributes a novel theoretical framework for understanding the complex relationship between housing prices and urban innovation, enriching the fields of urban economics and innovation studies.
期刊介绍：
The American Journal of Economics and Sociology (AJES) was founded in 1941, with support from the Robert Schalkenbach Foundation, to encourage the development of transdisciplinary solutions to social problems. In the introduction to the first issue, John Dewey observed that “the hostile state of the world and the intellectual division that has been built up in so-called ‘social science,’ are … reflections and expressions of the same fundamental causes.” Dewey commended this journal for its intention to promote “synthesis in the social field.” Dewey wrote those words almost six decades after the social science associations split off from the American Historical Association in pursuit of value-free knowledge derived from specialized disciplines. Since he wrote them, academic or disciplinary specialization has become even more pronounced. Multi-disciplinary work is superficially extolled in major universities, but practices and incentives still favor highly specialized work. The result is that academia has become a bastion of analytic excellence, breaking phenomena into components for intensive investigation, but it contributes little synthetic or holistic understanding that can aid society in finding solutions to contemporary problems. Analytic work remains important, but in response to the current lop-sided emphasis on specialization, the board of AJES has decided to return to its roots by emphasizing a more integrated and practical approach to knowledge.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
