TITLE:
Urban Housing Prices, Labor Mobility and the Development of Urban High-Tech Industries—An Empirical Analysis Based on Panel Data in the Pearl River Delta Region
AUTHORS:
Zhengyi Niu
KEYWORDS:
City Housing Price Level, Labor Mobility, High-Tech Industry Development Level
JOURNAL NAME:
Modern Economy,
Vol.10 No.3,
March
28,
2019
ABSTRACT: This paper proposes two
hypotheses that urban housing prices inhibit urban labor mobility and urban
high-tech industry development by introducing the extended CP model of housing
prices. On this basis, using the data of the 9-city data of the Pearl River
Delta from 2001 to 2015 to conduct empirical analysis and testing through the
fixed-effects model, it is found that the increase of relative housing prices
in cities will promote urban labor inflows and inhibit the development of urban
high-tech industries. Factors such as education level, medical level, and
government budget expenditure will, to a certain extent, strengthen the role of
relative housing prices in promoting labor inflows and weaken the inhibition of
urban housing prices on high-tech industries.