| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16700 |
| DP16700 Escaping Air Pollution: Do Chinese Students and Immigrants Drive Property Prices and Economic Activity Abroad? | |
| Yuk Ying Chang; Sudipto Dasgupta | |
| 发表日期 | 2021-11-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We construct a time-series of news coverage about air pollution in China for the period 1977-2019, and verify that such abnormal news coverage is associated with worse air quality in major Chinese cities, for which information is available for a shorter period. We find that that cross-border migration of Chinese citizens, the number of Chinese students going abroad to study, as well as capital flight from China, increase when there is an unexpected increase in air pollution news coverage. We find that U.S. regions with stronger historical ethnic ties to China experience higher property price growth when the “innovation” in air pollution news coverage is higher. We find similar results for residential prices in international cities. Air-pollution driven student inflows increase property prices and employment growth in regions that are major destinations of foreign students. Our study suggests that perception of local environmental and climate risk can have major consequences for the cross-border relocation of capital and labor. |
| 主题 | Financial Economics |
| 关键词 | Air pollution Climate change Migration Property prices |
| URL | https://cepr.org/publications/dp16700 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545637 |
| 推荐引用方式 GB/T 7714 | Yuk Ying Chang,Sudipto Dasgupta. DP16700 Escaping Air Pollution: Do Chinese Students and Immigrants Drive Property Prices and Economic Activity Abroad?. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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