The impact of the digital economy on urban house prices: comprehensive explorations
Internet technology and data-driven innovations are changing the way people live and work, which could have an impact on real estate supply and demand. Therefore, this study focuses on the relationship between urban digital economy growth and urban house prices. First, the empirical model shows that...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/113534/1/113534.pdf |
| _version_ | 1825940337582931968 |
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| author | Cong, Shufeng Chin, Lee Muhamad Senan, Mohamad Khair Afham Song, Yuhong |
| author_facet | Cong, Shufeng Chin, Lee Muhamad Senan, Mohamad Khair Afham Song, Yuhong |
| author_sort | Cong, Shufeng |
| collection | UPM |
| description | Internet technology and data-driven innovations are changing the way people live and work, which could have an impact on real estate supply and demand. Therefore, this study focuses on the relationship between urban digital economy growth and urban house prices. First, the empirical model shows that the digital economy has an inverted U-shaped impact on urban housing prices. The mechanisms underlying this relationship were then examined. The results indicated that fixed asset investment, government expenditure, and the urban environment influence the relationship between digital economy growth and urban house prices. Finally, a heterogeneity analysis revealed that the digital economy does not affect house prices in Tier 1, New Tier 1, and Tier 2 Chinese cities, but increases house prices in Tier 3 cities. In Tier 4 and Tier 5 cities, this relationship was found to be inverted U-shaped. These findings offer valuable insights to policymakers in China in balancing the growth of the digital economy and the stability of house prices. |
| first_indexed | 2024-12-09T02:26:33Z |
| format | Article |
| id | upm.eprints-113534 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-12-09T02:26:33Z |
| publishDate | 2024 |
| publisher | Vilnius Gediminas Technical University |
| record_format | dspace |
| spelling | upm.eprints-1135342024-11-26T03:42:01Z http://psasir.upm.edu.my/id/eprint/113534/ The impact of the digital economy on urban house prices: comprehensive explorations Cong, Shufeng Chin, Lee Muhamad Senan, Mohamad Khair Afham Song, Yuhong Internet technology and data-driven innovations are changing the way people live and work, which could have an impact on real estate supply and demand. Therefore, this study focuses on the relationship between urban digital economy growth and urban house prices. First, the empirical model shows that the digital economy has an inverted U-shaped impact on urban housing prices. The mechanisms underlying this relationship were then examined. The results indicated that fixed asset investment, government expenditure, and the urban environment influence the relationship between digital economy growth and urban house prices. Finally, a heterogeneity analysis revealed that the digital economy does not affect house prices in Tier 1, New Tier 1, and Tier 2 Chinese cities, but increases house prices in Tier 3 cities. In Tier 4 and Tier 5 cities, this relationship was found to be inverted U-shaped. These findings offer valuable insights to policymakers in China in balancing the growth of the digital economy and the stability of house prices. Vilnius Gediminas Technical University 2024 Article PeerReviewed text en cc_by_4 http://psasir.upm.edu.my/id/eprint/113534/1/113534.pdf Cong, Shufeng and Chin, Lee and Muhamad Senan, Mohamad Khair Afham and Song, Yuhong (2024) The impact of the digital economy on urban house prices: comprehensive explorations. International Journal of Strategic Property Management, 28 (3). pp. 163-176. ISSN 1648-715X; eISSN: 1648-9179 https://journals.vilniustech.lt/index.php/IJSPM/article/view/21474 10.3846/ijspm.2024.21474 |
| spellingShingle | Cong, Shufeng Chin, Lee Muhamad Senan, Mohamad Khair Afham Song, Yuhong The impact of the digital economy on urban house prices: comprehensive explorations |
| title | The impact of the digital economy on urban house prices: comprehensive explorations |
| title_full | The impact of the digital economy on urban house prices: comprehensive explorations |
| title_fullStr | The impact of the digital economy on urban house prices: comprehensive explorations |
| title_full_unstemmed | The impact of the digital economy on urban house prices: comprehensive explorations |
| title_short | The impact of the digital economy on urban house prices: comprehensive explorations |
| title_sort | impact of the digital economy on urban house prices comprehensive explorations |
| url | http://psasir.upm.edu.my/id/eprint/113534/1/113534.pdf |
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