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The Influence of Housing Prices on Urban Innovation Capacity: Review and Outlook

In: Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Ling Wu

    (Shenzhen University)

  • Botong Song

    (Shenzhen University)

Abstract

To investigate the influence of housing prices on urban innovation capacity, the author first analyzed the connotation and manifestation of urban innovation capacity. On this basis, the author further analyzed the mechanism and orientation of the influence of fast-rising housing prices from the three aspects of government, enterprises and individuals. The research result suggested that high housing prices may promote or inhibit urban innovation capacity through influencing the expenditure preference of local government, the innovation input of enterprises, and the decision-making of individuals on innovation and entrepreneurship. However, there is great controversy over the specific orientation of influence, as most researches favor that raising housing prices inhibit urban innovation capacity while a small minority of researches suggest that raising housing prices promote urban innovation capacity.

Suggested Citation

  • Ling Wu & Botong Song, 2021. "The Influence of Housing Prices on Urban Innovation Capacity: Review and Outlook," Springer Books, in: Xinhai Lu & Zuo Zhang & Weisheng Lu & Yi Peng (ed.), Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate, pages 195-204, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-3587-8_14
    DOI: 10.1007/978-981-16-3587-8_14
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