原文传递
Governmental Interactive Strategies for Urban Real Estate Investment in China: An Analysis of the Promotion Tournament Model
| 题名： | Governmental Interactive Strategies for Urban Real Estate Investment in China: An Analysis of the Promotion Tournament Model |
| 正文语种： | eng |
| 作者： | Hao Liu;Lin Xu;Lin Ma |
| 作者单位： | Shandong Univ.;Shandong Univ.;Shandong Univ. |
| 关键词： | Real estate;Investment in fixed assets;Promotion tournament;Spatial econometrics model |
| 摘要： | Abstract China’s central government has chosen the real estate industry as a pillar industry for achieving rapid economic growth. Local city governments also generally enlarge their scales of urban real estate investment to boost their political performance within the Chinese promotion tournament. To identify and separate the governmental interactive strategy of a particular city from the spatial dependence effects of urban real estate investment in its neighboring cities, we applied empirical data to various spatial econometric models with different spatial weighting matrices that incorporated the physical distances between cities and the differences in their population sizes and administrative divisions. There is evidence of spatial dependence effects. In terms of both population size and administrative divisions, these effects are mainly the result of governmental interactive strategies in addition to the First Law of Geography. Such strategies are positive and complementary because a city makes corresponding decisions to increase its real estate investments as its neighboring cities increase their scales of urban real estate investment. |
| 出版年： | 2022 |
| 期刊名称： | Journal of Urban Planning and Development |
| 卷： | 148 |
| 期： | 4 |
| 页码： | 1-9 |
相关文献
- Measuring the Spatial and Temporal Diffusion of Urban House Prices in East China
- US Department of Transportation Unveils Interactive Map to Encourage Investment in Underserved Rural and Urban Communities
- Riding Transit to Thriving Communities
- Determinants of Housing Prices in Dalian City, China: Empirical Study Based on Hedonic Price Model
- Sustainable Rehabilitation of Historical Urban Areas: Portuguese Case of the Urban Rehabilitation Societies
- Interaction between Urban Expansion and Variations in Residential Land Prices: Evidence from the Cities in China
检索历史
应用推荐
