How does the G20 Summit affect land market? Evidence from China
We employ the difference-in-difference and synthetic control methods to investigate the capitalization effect of hosting the G20 Summit on land market, based on China’s land transaction dataset from 2011 to 2019. We find that hosting the G20 Summit has a significant positive effect on land prices in...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2021-08-01
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| Series: | International Journal of Strategic Property Management |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/IJSPM/article/view/15470 |
| _version_ | 1818693884409020416 |
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| author | Xuejun Du Zhonghua Huang |
| author_facet | Xuejun Du Zhonghua Huang |
| author_sort | Xuejun Du |
| collection | DOAJ |
| description | We employ the difference-in-difference and synthetic control methods to investigate the capitalization effect of hosting the G20 Summit on land market, based on China’s land transaction dataset from 2011 to 2019. We find that hosting the G20 Summit has a significant positive effect on land prices in the host city, increasing land prices by over 22.6% compared to comparable cities. The impact of hosting the G20 Summit on land prices is larger in the post-G20 period than in the preparation period. Further, hosting the G20 Summit has heterogeneous and distributional effects on land prices. The capitalization effects of venue construction and transportation infrastructure upgrading on land prices are the main channels. |
| first_indexed | 2024-12-17T13:20:46Z |
| format | Article |
| id | doaj.art-fa3dd3214916442d84e78a560b1441b8 |
| institution | Directory Open Access Journal |
| issn | 1648-715X 1648-9179 |
| language | English |
| last_indexed | 2024-12-17T13:20:46Z |
| publishDate | 2021-08-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | International Journal of Strategic Property Management |
| spelling | doaj.art-fa3dd3214916442d84e78a560b1441b82022-12-21T21:46:53ZengVilnius Gediminas Technical UniversityInternational Journal of Strategic Property Management1648-715X1648-91792021-08-01256432–445432–44510.3846/ijspm.2021.1547015470How does the G20 Summit affect land market? Evidence from ChinaXuejun Du0Zhonghua Huang1School of Finance and Business, Shanghai Normal University, 200234 Shanghai, ChinaFaculty of Economics and Management, East China Normal University, 200062 Shanghai, ChinaWe employ the difference-in-difference and synthetic control methods to investigate the capitalization effect of hosting the G20 Summit on land market, based on China’s land transaction dataset from 2011 to 2019. We find that hosting the G20 Summit has a significant positive effect on land prices in the host city, increasing land prices by over 22.6% compared to comparable cities. The impact of hosting the G20 Summit on land prices is larger in the post-G20 period than in the preparation period. Further, hosting the G20 Summit has heterogeneous and distributional effects on land prices. The capitalization effects of venue construction and transportation infrastructure upgrading on land prices are the main channels.https://journals.vgtu.lt/index.php/IJSPM/article/view/15470g20 summitland pricecapitalization effectmega-eventchina |
| spellingShingle | Xuejun Du Zhonghua Huang How does the G20 Summit affect land market? Evidence from China International Journal of Strategic Property Management g20 summit land price capitalization effect mega-event china |
| title | How does the G20 Summit affect land market? Evidence from China |
| title_full | How does the G20 Summit affect land market? Evidence from China |
| title_fullStr | How does the G20 Summit affect land market? Evidence from China |
| title_full_unstemmed | How does the G20 Summit affect land market? Evidence from China |
| title_short | How does the G20 Summit affect land market? Evidence from China |
| title_sort | how does the g20 summit affect land market evidence from china |
| topic | g20 summit land price capitalization effect mega-event china |
| url | https://journals.vgtu.lt/index.php/IJSPM/article/view/15470 |
| work_keys_str_mv | AT xuejundu howdoestheg20summitaffectlandmarketevidencefromchina AT zhonghuahuang howdoestheg20summitaffectlandmarketevidencefromchina |