Abstract
Housing is a necessity for human’s living and development. In the urban world, housing has multiple impacts. Accordingly, the housing price that involves benefits and costs has an important influence on market agents. As far as cities are concerned, the housing price and its volatility are closely related to the rise and fall of cities, the volatility of the world’s economy, as well as the evolution of economic space and pattern.
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Notes
- 1.
The theoretical analysis of this paper applies mainly to the industrial society. In the agricultural society, the under-developed urban and real estate sector is not the focus of the theoretical analysis.
- 2.
The same conclusion can also be derived by imposing a positive shock on the housing price of city 1.
References
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Helpman, E. (1998). The size of regions. Topics in Public Economics: Theoretical and Applied Analysis, 33–54.
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© 2019 China Social Sciences Press
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Cao, Q. (2019). The Relationship Between Housing Prices and Urban Competitiveness: A Theoretical Framework. In: Ni, P., Kamiya, M., Wang, H. (eds) House Prices: Changing the City World. Springer, Singapore. https://doi.org/10.1007/978-981-32-9111-9_4
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DOI: https://doi.org/10.1007/978-981-32-9111-9_4
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Publisher Name: Springer, Singapore
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Online ISBN: 978-981-32-9111-9
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