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

Ling Wu () and Botong Song
Additional contact information
Ling Wu: Shenzhen University
Botong Song: Shenzhen University

A chapter in Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 195-204 from Springer

Abstract: Abstract To investigate the influence of housing prices on urban innovation capacity, the author first analyzed the connotation and manifestation of urban innovation capacity. On this basis, the author further analyzed the mechanism and orientation of the influence of fast-rising housing prices from the three aspects of government, enterprises and individuals. The research result suggested that high housing prices may promote or inhibit urban innovation capacity through influencing the expenditure preference of local government, the innovation input of enterprises, and the decision-making of individuals on innovation and entrepreneurship. However, there is great controversy over the specific orientation of influence, as most researches favor that raising housing prices inhibit urban innovation capacity while a small minority of researches suggest that raising housing prices promote urban innovation capacity.

Keywords: Urban innovation capacity; Housing prices; Crowding out effect; Financing effect (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3587-8_14

Ordering information: This item can be ordered from
http://www.springer.com/9789811635878

DOI: 10.1007/978-981-16-3587-8_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().