A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Research on the Linkage Effect of Housing Prices in Bay Area Urban Agglomeration: A Case of Guangdong-Hong Kong-Macao Greater Bay Area
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.
Research on the Linkage Effect of Housing Prices in Bay Area Urban Agglomeration: A Case of Guangdong-Hong Kong-Macao Greater Bay Area
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.
Research on the Linkage Effect of Housing Prices in Bay Area Urban Agglomeration: A Case of Guangdong-Hong Kong-Macao Greater Bay Area
Ye, Gui (editor) / Yuan, Hongping (editor) / Zuo, Jian (editor) / Huang, Shuting (author) / Song, Botong (author)
International Symposium on Advancement of Construction Management and Real Estate ; 2019 ; Chongqing, China
2021-06-08
11 pages
Article/Chapter (Book)
Electronic Resource
English
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