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Academic Journal of Business & Management, 2020, 2(6); doi: 10.25236/AJBM.2020.020617.

Research on Spatial Spillover Effects and Influencing Factors of Urban Housing Price in China Based on Gravity Weights

Author(s)

Yalan Sun*

Corresponding Author:
Yalan Sun
Affiliation(s)

College of Management,  Shanghai University, Shanghai 201800, China
*Corresponding author

Abstract

This paper collects panel data from the real estate markets of 35 large and medium-sized cities in China from 2009 to 2018, combines geographic regions and economic indicators, constructs a dynamic gravitational space weight matrix, and calculates Moran's I and Local Moran's I indexes to determine whether there is a spillover effect between cities. Finally, the dynamic spatial Dubin model is used to study the spatial spillover effect of China's urban housing prices and the degree of influence of various factors on China's housing price spillover effects under different weight matrices.The results show that the housing prices of 35 large and medium-sized cities in China are roughly in a ladder-like pattern of high in the southeast and low in the northwest; the housing prices of the 35 cities have obvious positive spatial correlation.

Keywords

real estate prices, spatial weight matrix, spatial econometric mode

Cite This Paper

Yalan Sun. Research on Spatial Spillover Effects and Influencing Factors of Urban Housing Price in China Based on Gravity Weights. Academic Journal of Business & Management (2020) Vol. 2, Issue 6: 147-155. https://doi.org/10.25236/AJBM.2020.020617.

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