Urban villages and housing values in China

被引：64

作者：

Song, Yan ^{[2
]}

Zenou, Yves ^{[1
]}

机构：

[1] Stockholm Univ, Dept Econ, S-10691 Stockholm, Sweden

[2] Univ N Carolina, Dept City & Reg Planning, Chapel Hill, NC 27599 USA

来源：

REGIONAL SCIENCE AND URBAN ECONOMICS | 2012年 / 42卷 / 03期

关键词：

Hedonic prices; Urban villages; Housing price externalities; China; SPATIAL IMPLICATIONS; MIGRATION; EXTERNALITIES; ECONOMICS;

D O I：

10.1016/j.regsciurbeco.2011.06.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The presence of urban villages is a unique product of China's urbanization. In this article, we explore the effects of urban villages on the formal housing market. For this purpose, we develop a hedonic housing price model to investigate whether the proximity to urban villages affects the selling price of urban housing units. Controlling for the structure and other characteristics of urban housing units, we find that housing prices are lower the closer the buildings are from urban villages. We then carry out a survey of households living nearby and explore how they are affected by urban villages. The results indicate that there are both positive and negative effects associated with these villages. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：495 / 505

页数：11

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