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    Relationship between Rising Housing Prices and Reduction in Urban Agglomeration

    Source: Journal of Urban Planning and Development:;2020:;Volume ( 146 ):;issue: 003
    Author:
    Xiaoyan Lin
    ,
    Peng Wang
    DOI: 10.1061/(ASCE)UP.1943-5444.0000596
    Publisher: ASCE
    Abstract: The city is an intertwined network constructed in a limited space by such economic markets as housing, labor, land, and transportation. The emergence of the city is a sign of civilization representing a higher form of human society. The development of cities plays an important role in regional and national economies. This paper investigates factors influencing urban agglomeration from the perspective of economic and population agglomeration. The authors selected 285 prefecture-level cities in China as a research sample and used the System Generalized Method of Moments (GMM) for regression analysis. The results reveal an inverted U-shaped relationship between housing prices and urban economic agglomeration in mid-western and eastern cities. However, an inverted U-shaped relationship was observed between housing prices and population agglomeration in the eastern cities and a U-shaped relationship in the mid-western cities of China. The influence of housing prices on population agglomeration can be divided into two periods. When housing prices were low, the population flowed from the mid-western to the eastern cities. When housing prices were high, people left the eastern cities and returned to the mid-western cities. However, under the influence of regulatory policies by the government, labor flowed back from the mid-western cities to the eastern cities.
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      Relationship between Rising Housing Prices and Reduction in Urban Agglomeration

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    http://yetl.yabesh.ir/yetl1/handle/yetl/4267800
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    contributor authorXiaoyan Lin
    contributor authorPeng Wang
    date accessioned2022-01-30T21:11:45Z
    date available2022-01-30T21:11:45Z
    date issued9/1/2020 12:00:00 AM
    identifier other%28ASCE%29UP.1943-5444.0000596.pdf
    identifier urihttp://yetl.yabesh.ir/yetl1/handle/yetl/4267800
    description abstractThe city is an intertwined network constructed in a limited space by such economic markets as housing, labor, land, and transportation. The emergence of the city is a sign of civilization representing a higher form of human society. The development of cities plays an important role in regional and national economies. This paper investigates factors influencing urban agglomeration from the perspective of economic and population agglomeration. The authors selected 285 prefecture-level cities in China as a research sample and used the System Generalized Method of Moments (GMM) for regression analysis. The results reveal an inverted U-shaped relationship between housing prices and urban economic agglomeration in mid-western and eastern cities. However, an inverted U-shaped relationship was observed between housing prices and population agglomeration in the eastern cities and a U-shaped relationship in the mid-western cities of China. The influence of housing prices on population agglomeration can be divided into two periods. When housing prices were low, the population flowed from the mid-western to the eastern cities. When housing prices were high, people left the eastern cities and returned to the mid-western cities. However, under the influence of regulatory policies by the government, labor flowed back from the mid-western cities to the eastern cities.
    publisherASCE
    titleRelationship between Rising Housing Prices and Reduction in Urban Agglomeration
    typeJournal Paper
    journal volume146
    journal issue3
    journal titleJournal of Urban Planning and Development
    identifier doi10.1061/(ASCE)UP.1943-5444.0000596
    page13
    treeJournal of Urban Planning and Development:;2020:;Volume ( 146 ):;issue: 003
    contenttypeFulltext
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