Do rising housing prices restrict urban innovation vitality? Evidence from 288 cities in China

Yu, Liangliang; Yin-ying, Cai

doi:10.1016/j.eap.2021.08.012

Cited by 33 publications

(36 citation statements)

References 47 publications

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“…Each upgrade of the consumption structure directly impacts the change in the industrial structure, adding new drivers to the development of relevant industries (Van den Buuse et al, 2021). The substantial industrial chain effect of consumption upgrading, such as housing, automobiles, and modern communication products, has brought business opportunities for China's industrial structure adjustment and product upgrading (Yu & Cai, 2021). Consumption upgrades will become dominant in a long period of continuous dynamic economic growth and thus speed up the economic transformation.…”

Section: Policy Background and Theoretical Analysismentioning

confidence: 99%

Digital inclusive finance and urban innovation: Evidence from China

2021

Review Development Economics

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Previous studies are not unanimous on the effect of financial development on innovation. Digital inclusive finance is one mode of financial development, so its impact on urban innovation needs to be further tested. To develop digital inclusive finance, China implemented the Plan for Promoting the Development of Inclusive Finance (2016-2020) and the G20 High-Level Principles on Digital Inclusive Finance in 2016. We take the implementation of the Plan and Principles as a quasi-natural experiment and use the difference-in-difference model to estimate the pure effect of digital inclusive finance on urban innovation. The results show that implementing the Plan and Principles can increase the number of urban patents by 5.3%, indicating that digital inclusive finance has a positive effect on urban innovation. In addition, we find that digital inclusive finance can promote urban innovation by improving the allocation of credit resources, consumption, and industrial upgrading.

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Section: Policy Background and Theoretical Analysismentioning

confidence: 99%

Digital inclusive finance and urban innovation: Evidence from China

2021

Review Development Economics

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“…Local government spending is also a potential factor influencing innovation, as it can indicate whether the region has good access to utilities, transportation, education, and other public services. Considering the impact of high-speed rail [ 25 ] and housing prices [ 24 ] on innovation, we also control for the opening of high-speed rail and the price of commercial housing.…”

Section: Methodsmentioning

confidence: 99%

“…Specifically, several researchers have focused on the effect of broadband on innovation [ [6] , [12] , [13] , [14] ]. Although characteristics such as housing prices [ 24 ], high-speed rail [ 25 ], and foreign direct investment (FDI) [ 26 ] are important factors influencing innovation, broadband also has a substantial impact on innovation. For example, [ 27 ] found a significant positive effect of broadband Internet on firms’ innovation activities.…”

Section: Introductionmentioning

confidence: 99%

The impact of broadband speed on innovation: City-level evidence from China

Wang¹

2023

Heliyon

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“…Second, land resource misallocation can drive up housing prices and make economic development dependent on the real estate economy, also inhibiting technological innovation (Yan et al 2014 ). Rising residential prices will also increase the cost of living and reduce residents’ utility level, leading to the “outflow” of human capital, which further impedes cities’ overall innovation (Yu and Cai 2021 ). Thus, we propose the following hypothesis: Hypothesis 2: Land resource misallocation aggravates air pollution in cities by inhibiting technological innovation.…”

Section: Literature Review and Theoretical Hypothesesmentioning

confidence: 99%

Has land resource misallocation increased air pollution in Chinese cities?

Xie

Gao

Zhang

2023

Environ Sci Pollut Res

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As a fundamental production factor of economic development, rational land allocation is relevant to economic development and a significant factor affecting urban air pollution. This study analyzes 284 cities in China to investigate the impact of land resource misallocation on air pollution and the underlying mechanisms. The relevant findings are fourfold. First, land resource misallocation increases urban air pollution. Second, land resource misallocation inhibits technological innovation, government technology investment, and foreign direct investment, increasing local air pollution. Third, the impact of land resource misallocation on air pollution is affected by heterogeneous conditions, including geographic region, city type, and city size. Finally, based on the air pollution caused by land resource misallocation, local governments should optimize the land supply structure and improve technological innovation and environmental investment.

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Do rising housing prices restrict urban innovation vitality? Evidence from 288 cities in China

Cited by 33 publications

References 47 publications

Digital inclusive finance and urban innovation: Evidence from China

Digital inclusive finance and urban innovation: Evidence from China

The impact of broadband speed on innovation: City-level evidence from China

Has land resource misallocation increased air pollution in Chinese cities?

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