An Empirical Analysis on The Knowledge Spillovers and Housing Price in Yangtze River Delta Region

Abstract

The Yangtze River Delta region is one of the economic centers in China and also a hub for innovation activities in the country. The knowledge spillover in the Yangtze River Delta region is not only significant for the region itself but also for the entire nation. At the same time, the high housing prices in the Yangtze River Delta region may have an impact on the knowledge spillover within the region. This study examines the influence of housing prices on knowledge spillover in the major cities of the Yangtze River Delta region based on data from 2001 to 2019. The findings reveal that high housing prices in cities generally have a significant negative effect on knowledge spillover. The magnitude of this effect varies across different measures of knowledge spillover.