Human capital, housing prices, and regional economic development: Will "vying for talent" through policy succeed?

doi:10.1016/j.cities.2019.102577

	Human capital, housing prices, and regional economic development: Will "vying for talent" through policy succeed?
	Yang, Zhenshan 1; Pan, Yinghao 2
刊名	CITIES
	2020-03-01
卷号	98 页码:13
关键词	Human capital Regional economy Housing prices Panel VAR Talent battle China
ISSN号	0264-2751
DOI	10.1016/j.cities.2019.102577
通讯作者	Yang, Zhenshan(yangzs@igsnrr.ac.cn)
英文摘要	This study examines the dynamic agglomeration economies through matching channel between human capital agglomeration, regional economic development, and housing prices. Using data from 31 Chinese provinces from 1999 to 2015, it employs a panel vector auto regression model to study the interactive relationships among these factors. Overall, the results show that human capital agglomeration has a positive long-term influence on housing prices and economic development, and has become a determinant of regional economic growth. Housing prices have a negative long-term influence on economic development. However, human capital accumulation responds positively to housing price in regions other than municipalities. These findings suggest that vie for talent through housing policy might not be effective in underdeveloped regions and could lead to mis-allocation of government fiscal resources.
资助项目	Strategic Priority Research Program of the Chinese Academy of Sciences[XDA19040402] ; National Natural Sciences Foundation of China[41530751] ; Early Career Talent Program of Chinese Academy of Sciences 'Youth Innovation Promotion Association CAS'[2014042] ; Kezhen Talent Program of IGSNRR, CAS[2016RC101]
WOS关键词	CHINA ; MIGRATION ; GROWTH ; AGGLOMERATION ; PRODUCTIVITY ; INVESTMENT
WOS研究方向	Urban Studies
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000514758100016
资助机构	Strategic Priority Research Program of the Chinese Academy of Sciences ; National Natural Sciences Foundation of China ; Early Career Talent Program of Chinese Academy of Sciences 'Youth Innovation Promotion Association CAS' ; Kezhen Talent Program of IGSNRR, CAS
内容类型	期刊论文
源URL	[http://ir.igsnrr.ac.cn/handle/311030/132754]
专题	中国科学院地理科学与资源研究所
通讯作者	Yang, Zhenshan
作者单位	1.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Key Lab Reg Sustainable Dev & Modelling, Beijing 100101, Peoples R China 2.Natl Univ Singapore, Dept Real Estate, 4 Architecture Dr, Singapore 117566, Singapore
推荐引用方式 GB/T 7714	Yang, Zhenshan,Pan, Yinghao. Human capital, housing prices, and regional economic development: Will "vying for talent" through policy succeed?[J]. CITIES,2020,98:13.
APA	Yang, Zhenshan,&Pan, Yinghao.(2020).Human capital, housing prices, and regional economic development: Will "vying for talent" through policy succeed?.CITIES,98,13.
MLA	Yang, Zhenshan,et al."Human capital, housing prices, and regional economic development: Will "vying for talent" through policy succeed?".CITIES 98(2020):13.