Exploring The Spatial Distribution And Influential Factors Of Housing Price In High Density Urban Environment
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Exploring The Spatial Distribution And Influential Factors Of Housing Price In High Density Urban Environment
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Author : Wenzheng Li
language : en
Publisher:
Release Date : 2018
Exploring The Spatial Distribution And Influential Factors Of Housing Price In High Density Urban Environment written by Wenzheng Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Using 16126 second-hand commercial housing samples collecting by web-crawl program in Beijing, China, this study develops traditional hedonic price model and spatial econometric models to quantitatively evaluate influential factors of housing prices in terms of housing structure, environmental and locational factors. Results show that locational factors, such as accessibility to subway, CBDs and schools, outperform other non-spatial factors as 6 locational variables explain 64% of variance. Most of housing structure variables have expected sign except floor position which manifests Beijing customers prefer middle floor. This finding does not agree with the evidence from southern Chinese cities where high floor charges higher price. We convince that this idiosyncrasy of Beijing reflects customers’ concern to safety during disasters such as earthquake and fire. Results also demonstrate customers’ desire to higher green ratio within community and closer distance to parks. We develop a feasible methodology for acquiring accurate NDVI in urban environment and test its validity in Beijing for the first time. We also demonstrate the existence of spatial error and spatial lag dependence in Beijing housing price using Lagrange Multiplier and successfully eliminate spatial dependence using spatial error (SEM) and spatial lag Model (SLM). The comparison of OLS and SEM suggests that OLS has overestimated the capitalization of housing structure and educational factors, whereas underestimated the effects of environmental, transportation and commute factors. The significant Rho (74.88%) in SLM model demonstrates the spatial spill-over effects caused by the interaction of nearby housing price and this effect is greater than other Chinese cities, such as Chengdu (Rho=19.2%) and Hangzhou (Rho=45.7%). This phenomenon can be partially explained by the potential speculation and booming of Beijing housing market. Key Words: web-crawl program; hedonic price model; spatial regression; spatial autocorrelation; spatial spill-over effect.
China S Regional Development
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Author : Ming Lu
language : en
Publisher: Routledge
Release Date : 2013-07-18
China S Regional Development written by Ming Lu and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-18 with Business & Economics categories.
China is a large developing economy and it has been deeply involved in globalization since its economic reform and opening-up. Simultaneously, China has seen a significant change in the spatial distribution of economic resources, especially capital and labor. In the recent 10 years, economists have made significant progress in both theoretical and empirical studies on related topics. The book provides an overview on the existing literature and current policy debates on what we have known and what we have misunderstood. This book includes an analytical framework of the New Economic Geography (NEG) with political economy to help us understand China’s regional development issues. The book of 10 chapters is organized into four thematic sections. The first section is a theoretical discussion on the relationship between economic agglomeration and interregional balanced development. The second section is a political economy analysis on regional and urban-rural development. The third section provides a summary on empirical literatures concerning from market segmentation and institutional barriers to production factor mobility. The final section consists of four empirical chapters on the relationship between agglomeration and balance, which is the core of relevant policy debates. The book argues that for China to achieve both efficiency and balance for regional development, China may need to reform its systems which constrain production factors mobility. This book is a valuable reference for readers who are interested in spatial economics and the Chinese economy, especially its regional and urban development.
Hot Property
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Author : Rob Nijskens
language : en
Publisher: Springer
Release Date : 2019-06-14
Hot Property written by Rob Nijskens and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-14 with Business & Economics categories.
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
Land Governance Integrated Socio Ecosystem And Sustainable Development
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Author : Chen Zeng
language : en
Publisher: Frontiers Media SA
Release Date : 2023-06-23
Land Governance Integrated Socio Ecosystem And Sustainable Development written by Chen Zeng and has been published by Frontiers Media SA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-23 with Science categories.
Sustainability Assessments Of Urban Systems
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Author : Claudia R. Binder
language : en
Publisher: Cambridge University Press
Release Date : 2020-03-26
Sustainability Assessments Of Urban Systems written by Claudia R. Binder and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-26 with Business & Economics categories.
Provides guidelines for assessing the sustainability of urban systems including theory, methods and case studies.
Geographically Weighted Regression
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Author : A. Stewart Fotheringham
language : en
Publisher: John Wiley & Sons
Release Date : 2003-02-21
Geographically Weighted Regression written by A. Stewart Fotheringham and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-02-21 with Science categories.
Geographical Weighted Regression (GWR) is a new local modelling technique for analysing spatial analysis. This technique allows local as opposed to global models of relationships to be measured and mapped. This is the first and only book on this technique, offering comprehensive coverage on this new 'hot' topic in spatial analysis. * Provides step-by-step examples of how to use the GWR model using data sets and examples on issues such as house price determinants, educational attainment levels and school performance statistics * Contains a broad discussion of and basic concepts on GWR through to ideas on statistical inference for GWR models * uniquely features accompanying author-written software that allows users to undertake sophisticated and complex forms of GWR within a user-friendly, Windows-based, front-end (see book for details).
Creative Industries And Urban Spatial Structure
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Author : Helin Liu
language : en
Publisher: Springer
Release Date : 2015-07-29
Creative Industries And Urban Spatial Structure written by Helin Liu and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-29 with Science categories.
This book explores the dynamics of the interaction between the development of creative industries and urban land use in Nanjing, a metropolis and a growth pole in the Yangtze River Delta. In the last two decades, China's economy has been undergoing dramatic growth. Yet, accompanying with China's economic success is the disturbing environmental deterioration and energy concerns. These issues together with the diminution of the advantage of low-cost labour force present many Chinese cities, particularly big cities specialising in manufacturing in the most developed regions, the urgency to find new approaches to "creative China". As an ancient city featured by abundance of cultural heritages and legacies of heavy industries, Nanjing has been striving for a decade to transform its economy towards a creative economy by cultivating creative industries. In parallel with the flourishing of creative industries are contest for land resources among different interest parties and restructuring of urban land use. Both are new challenges for urban planning. This complex process is examined in this book by an interdisciplinary approach which integrates GIS, ABM, questionnaire investigation and interview.
Housing Economics And Public Policy
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Author : Anthony O'Sullivan
language : en
Publisher: John Wiley & Sons
Release Date : 2008-04-15
Housing Economics And Public Policy written by Anthony O'Sullivan and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Business & Economics categories.
This book is a timely assessment of 20 years of progress in the field of housing economics and its application to policy and practice. Two decades on from the publication of Duncan Maclennan's influential Housing Economics, 16 leading housing experts - both academics and policy makers from across the world - now honour Maclennan's contributions. The chapters here present a contemporary survey of key issues in housing, from urban housing markets and sub-market modelling, to the economics of social housing, the basis for housing planning, economic analysis of neighbourhoods, and the connections between academic work and policy development. For students, researchers and practitioners in housing, urban economics and social policy, Housing Economics and Public Policy: . provides up to date and comprehensive reviews of major areas of the housing economics literature . sheds light on the economic, social and spatial processes that affect housing . includes discussion of major areas of cutting edge housing economics research and identifies continuing gaps . presents a synthesis of housing economics research on both sides of the Atlantic . assesses the impact of theory on policy and practice
Routledge Companion To Real Estate Development
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Author : Graham Squires
language : en
Publisher: Routledge
Release Date : 2017-09-07
Routledge Companion To Real Estate Development written by Graham Squires and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-07 with Business & Economics categories.
Real estate development shapes the way people live and work, playing a crucial role in determining our built environment. Around the world, real estate development reflects both universal human needs and region-specific requirements, and with the rise of globalization there is an increasing need to better understand the full complexity of global real estate development. This Companion provides comprehensive coverage of the major contemporary themes and issues in the field of real estate development research. Topics covered include: social and spatial impact markets and economics organization and management finance and investment environment and sustainability design land use policy and governance. A team of international experts across the fields of real estate, planning, geography, economics and architecture reflect the increasingly interdisciplinary nature of real estate studies, providing the book with a depth and breadth of original research. Following on from the success of the textbook International Approaches to Real Estate Development, the Routledge Companion to Real Estate Development provides the up-to-date research needed for a full and sophisticated understanding of the subject. It will be an invaluable resource to students, researchers and professionals wishing to study real estate development on an international scale.
The Environmental Protection Hustle
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Author : Bernard J. Frieden
language : en
Publisher: MIT Press (MA)
Release Date : 1979
The Environmental Protection Hustle written by Bernard J. Frieden and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Environmental policy categories.