Economics at your fingertips  

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

Xiaojie Wang (), Yi Duan (), Pengcheng Liu () and Guixin Han ()
Additional contact information
Xiaojie Wang: School of Management, Ocean University of China, Qingdao 266100, China
Yi Duan: Department of Finance, Economics, and International Business, Marshall University, Huntington, WV 25755, USA
Pengcheng Liu: School of Economics, Qingdao University, Qingdao 266061, China
Guixin Han: School of Management, Ocean University of China, Qingdao 266100, China

Sustainability, 2020, vol. 12, issue 7, 1-15

Abstract: 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.

Keywords: housing investment; urban innovation index; crowding out effect (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

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:

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

Page updated 2020-06-13
Handle: RePEc:gam:jsusta:v:12:y:2020:i:7:p:2968-:d:342790