Urban housing prices and consumption structure upgrading: different relationships in urban and rural China
The dynamics of housing prices can play a pivotal role in shaping household behavior. Motivated by the limited research on the impact of housing prices on consumption structure upgrading in China, this paper presents a series of analyses that deploy panel data from 276 Chinese cities between 2005 an...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2024
|
| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/114382/ http://psasir.upm.edu.my/id/eprint/114382/1/114382.pdf |
| _version_ | 1848866477027885056 |
|---|---|
| author | Ding, Yemin Chin, Lee Taghizadeh-Hesary, Farhad |
| author_facet | Ding, Yemin Chin, Lee Taghizadeh-Hesary, Farhad |
| author_sort | Ding, Yemin |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The dynamics of housing prices can play a pivotal role in shaping household behavior. Motivated by the limited research on the impact of housing prices on consumption structure upgrading in China, this paper presents a series of analyses that deploy panel data from 276 Chinese cities between 2005 and 2019 to scrutinize this impact. Firstly, a fixed effect model was used to investigate the relationship between urban housing price and the consumption structure upgrading, and it was found that urban housing price has an inverted U-shaped effect on the consumption structure upgrading of Chinese urban residents, while it has an inhibitory effect on the consumption structure upgrading of Chinese rural residents. Then, we conducted multiple robustness tests, all of which corroborated the benchmark results’ reliability. Finally, deeper than existing research, the mechanism of the impact of urban housing prices on the consumption structure upgrading was further explored and it was found that increasing urban housing prices can affect consumption structure upgrading by affecting residents’ marginal propensity to consume in development and enjoyment. Our findings provide key alternatives for China’s government to promote residents’ consumption structure upgrading. |
| first_indexed | 2025-11-15T14:21:13Z |
| format | Article |
| id | upm-114382 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:21:13Z |
| publishDate | 2024 |
| publisher | Vilnius Gediminas Technical University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1143822025-01-20T00:49:59Z http://psasir.upm.edu.my/id/eprint/114382/ Urban housing prices and consumption structure upgrading: different relationships in urban and rural China Ding, Yemin Chin, Lee Taghizadeh-Hesary, Farhad The dynamics of housing prices can play a pivotal role in shaping household behavior. Motivated by the limited research on the impact of housing prices on consumption structure upgrading in China, this paper presents a series of analyses that deploy panel data from 276 Chinese cities between 2005 and 2019 to scrutinize this impact. Firstly, a fixed effect model was used to investigate the relationship between urban housing price and the consumption structure upgrading, and it was found that urban housing price has an inverted U-shaped effect on the consumption structure upgrading of Chinese urban residents, while it has an inhibitory effect on the consumption structure upgrading of Chinese rural residents. Then, we conducted multiple robustness tests, all of which corroborated the benchmark results’ reliability. Finally, deeper than existing research, the mechanism of the impact of urban housing prices on the consumption structure upgrading was further explored and it was found that increasing urban housing prices can affect consumption structure upgrading by affecting residents’ marginal propensity to consume in development and enjoyment. Our findings provide key alternatives for China’s government to promote residents’ consumption structure upgrading. Vilnius Gediminas Technical University 2024 Article PeerReviewed text en cc_by_4 http://psasir.upm.edu.my/id/eprint/114382/1/114382.pdf Ding, Yemin and Chin, Lee and Taghizadeh-Hesary, Farhad (2024) Urban housing prices and consumption structure upgrading: different relationships in urban and rural China. International Journal of Strategic Property Management, 28 (5). pp. 334-348. ISSN 1648-715X; eISSN: 1648-9179 https://journals.vilniustech.lt/index.php/IJSPM/article/view/22449 Economics - China 10.3846/ijspm.2024.22449 |
| spellingShingle | Economics - China Ding, Yemin Chin, Lee Taghizadeh-Hesary, Farhad Urban housing prices and consumption structure upgrading: different relationships in urban and rural China |
| title | Urban housing prices and consumption structure upgrading: different relationships in urban and rural China |
| title_full | Urban housing prices and consumption structure upgrading: different relationships in urban and rural China |
| title_fullStr | Urban housing prices and consumption structure upgrading: different relationships in urban and rural China |
| title_full_unstemmed | Urban housing prices and consumption structure upgrading: different relationships in urban and rural China |
| title_short | Urban housing prices and consumption structure upgrading: different relationships in urban and rural China |
| title_sort | urban housing prices and consumption structure upgrading: different relationships in urban and rural china |
| topic | Economics - China |
| url | http://psasir.upm.edu.my/id/eprint/114382/ http://psasir.upm.edu.my/id/eprint/114382/ http://psasir.upm.edu.my/id/eprint/114382/ http://psasir.upm.edu.my/id/eprint/114382/1/114382.pdf |