Research on the Linkage Effect of Housing Prices in Bay Area Urban Agglomeration: A Case of Guangdong-Hong Kong-Macao Greater Bay Area

Shuting Huang and Botong Song ()
Additional contact information
Shuting Huang: Shenzhen University
Botong Song: Shenzhen University

A chapter in Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 573-583 from Springer

Abstract: Abstract With the introduction of Guangdong-Hong Kong-Macao Greater Bay Area (GBA) planning, the co-construction and integration of the GBA cities will inevitably lead to the linkage of housing prices between cities. This paper is to study the spillover effect and spatial linkage effect of housing prices in the urban agglomerations of GBA based on the method of vector autoregression model, Granger causality test and spatial autocorrelation test, so as to analyze its transmission mechanism and spatial dependence of housing prices. The results show: (1) The housing prices of 11 cities in GBA have obvious spillover effect, and there are different transmission ranges among them. (2) Guangzhou has the greatest influence on the housing prices of other Bay Area cities, which is the core city of housing price transmission in GBA. (3) There is obvious spatial dependence of housing prices of urban agglomeration in GBA. Therefore, in the process of promoting the construction of GBA, the government should consider the linkage effect of housing prices between cities and make different adjustments to them when regulating the real estate market.

Keywords: Urban agglomeration; Housing prices; Spatial linkage (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:978-981-15-8892-1_41

Ordering information: This item can be ordered from
http://www.springer.com/9789811588921

DOI: 10.1007/978-981-15-8892-1_41

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 ().