Abstract
This study examines the dynamic agglomeration economies through matching channel between human capital agglomeration, regional economic development, and housing prices. Using data from 31 Chinese provinces from 1999 to 2015, it employs a panel vector auto regression model to study the interactive relationships among these factors. Overall, the results show that human capital agglomeration has a positive long-term influence on housing prices and economic development, and has become a determinant of regional economic growth. Housing prices have a negative long-term influence on economic development. However, human capital accumulation responds positively to housing price in regions other than municipalities. These findings suggest that vie for talent through housing policy might not be effective in underdeveloped regions and could lead to misallocation of government fiscal resources.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
