| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28013 |
| 来源ID | Working Paper 28013 |
| Rural-Urban Migration and House Prices in China | |
| Carlos Garriga; Aaron Hedlund; Yang Tang; Ping Wang | |
| 发表日期 | 2020-11-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper uses a dynamic competitive spatial equilibrium framework to evaluate the contribution of rural-urban migration induced by structural transformation to the behavior of Chinese housing markets. In the model, technological progress drives workers facing heterogeneous mobility costs to migrate from the rural agricultural sector to the higher paying urban manufacturing sector. Upon arrival to the city, workers purchase housing using long-term mortgages. Quantitatively, the model fits cross-sectional house price behavior across a representative sample of Chinese cities between 2003 and 2015. The model is then used to evaluate how changes to city migration policies and land supply regulations affect the speed of urbanization and house price appreciation. The analysis indicates that making migration policy more egalitarian or land policy more uniform would promote urbanization but also would contribute to larger house price dispersion. |
| 主题 | Development and Growth ; Development ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w28013 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585687 |
| 推荐引用方式 GB/T 7714 | Carlos Garriga,Aaron Hedlund,Yang Tang,et al. Rural-Urban Migration and House Prices in China. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28013.pdf（2853KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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