IDEAS home Printed from https://ideas.repec.org/a/taf/rjerxx/v46y2024i3p360-388.html
   My bibliography  Save this article

The Value of Clean Air: Evidence from Chinese Housing Markets

Author

Listed:
  • Lin Zhou
  • Jianshuang Fan
  • Zhenguo Lin

Abstract

This paper studies the value of clean air by analyzing the effect of China’s clean air policy. By exploiting the cross-city variation in the timing of policy implementation and using a panel dataset of 280 cities from 2003 to 2018, we find that the clean air policy boosts housing prices by 4.4%. The finding is robust to a series of potential issues, functional misspecifications, and falsification tests. In addition, we examine whether the effect varies across different price-tier cities and changes over time, and we find evidence of such heterogeneous and dynamic effects.

Suggested Citation

  • Lin Zhou & Jianshuang Fan & Zhenguo Lin, 2024. "The Value of Clean Air: Evidence from Chinese Housing Markets," Journal of Real Estate Research, Taylor & Francis Journals, vol. 46(3), pages 360-388, July.
    • Handle: RePEc:taf:rjerxx:v:46:y:2024:i:3:p:360-388
    DOI: 10.1080/08965803.2024.2352201
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08965803.2024.2352201
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/08965803.2024.2352201?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rjerxx:v:46:y:2024:i:3:p:360-388. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rjer20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.