Spatiotemporal Agglomeration of Real-Estate Industry in Guangzhou, China

Peng Wang, Xiaoyan Lin and Dajun Dai
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Peng Wang: College of Economics, Jinan University, 601 Huangpu Avenue West, Guangzhou 510632, China
Xiaoyan Lin: College of Economics, Jinan University, 601 Huangpu Avenue West, Guangzhou 510632, China
Dajun Dai: Department of Geosciences, Georgia State University, 24 Peachtree Center Avenue SE, Atlanta, GA 30303, USA

Sustainability, 2017, vol. 9, issue 8, 1-15

Abstract: Real estate development is critical to healthy economic growth and regional development. Using real-estate data in Guangzhou, China from the 1970s to 2015, we examined the spatiotemporal agglomeration and evolution of Guangzhou’s real estate industry with spatial and spatiotemporal techniques. This study shows that real estate businesses were initially agglomerated in the city center with socioeconomic advantages, and later spread into suburbs as new growth foundations. We also found that different business types, depending on their functions, evolved and agglomerated in different time periods. The findings provide valuable support to the formulation of effective government policy and the management of real estate enterprises in China.

Keywords: enterprise cluster; spatial evolution; spatiotemporal agglomeration; real estate industry (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
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