The linkage between tourism and housing prices of China’s leading megacities: Beijing, Shanghai and Guangzhou

IF 2.7 Q2 HOSPITALITY, LEISURE, SPORT & TOURISM

Journal of Policy Research in Tourism Leisure and Events Pub Date : 2023-10-31 DOI:10.1080/19407963.2023.2273556

Tsung-Pao Wu, Hung-Che Wu, Ya-Tian Liu, Ruixin Deng, Yu-Yu Wu

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Abstract

ABSTRACTThe main goal of this study is to look at the relationship between tourism and housing prices (HPs) in three important Chinese cities: Beijing, Shanghai and Guangzhou. We use a unique statistical approach called quantile-on-quantile (QQ) to examine this connection. The findings of the study show a favorable relationship between tourism and HPs in these megacities, with notable variances reported across different quantiles within the cities. For each metropolitan center, these findings have substantial policy ramifications. In a number of important ways, our research adds to the body of information in the existing literature. First, this paper illuminates the fascinating dynamics of China’s tourism sector. Second, it is the first inquiry to look at how tourism-related activities and HPs are related using the QQ approach. To give a novel perspective to the investigation, this paper uses the QQ technique to ascertain how actual international tourism receipts and HPs are related.KEYWORDS: Tourismhousing pricesquantile-on-quantile estimationmegacityChina Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 Here is the website for the data: http://www.stats.gov.cn/english/

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北京、上海、广州等中国主要特大城市的旅游业与房价之间的联系

摘要本研究以北京、上海和广州为研究对象，探讨旅游与房价的关系。我们使用一种称为分位数对分位数(QQ)的独特统计方法来检查这种联系。研究结果表明，在这些特大城市中，旅游业与hp之间存在良好的关系，在城市内不同分位数之间存在显著差异。对于每个大都市中心，这些发现都具有重大的政策影响。在许多重要的方面，我们的研究增加了现有文献中的信息。首先，本文阐述了中国旅游业的迷人动态。其次，这是第一次使用QQ方法来研究旅游相关活动和hp之间的关系。为了给调查提供一个新的视角，本文使用QQ技术来确定实际国际旅游收入和hp之间的关系。关键词:旅游房价分位数对分位数估计特大城市中国披露声明作者未发现潜在利益冲突。注1数据的网址是:http://www.stats.gov.cn/english/

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Policy Research in Tourism Leisure and Events HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

6.90

自引率

19.40%

发文量

期刊介绍： Journal of Policy Research in Tourism, Leisure & Events provides a unique forum for critical discussion of public policy debates relating to the fields of tourism, leisure and events. This encompasses the economic, social, cultural, political and environmental dimensions of official intervention. In addition to high quality theoretical and empirical papers, the journal publishes contributions examining the value of contrasting methodologies, or advocacy of novel methods. Inter- and multi-disciplinary submissions are particularly welcome. In order to foster debate and extend the scope of discussion, it publishes shorter carefully argued position statements on specific, topical interventions in the Contemporary Policy Debates section. In addition, the journal’s novel Dialogues section involves ‘point/counter-point’ debates between contributors on a range of policy-related or policy research-related topics. These may interrogate key concepts from different cultural, theoretical or spatial perspectives, or discuss potential responses to a range of practical challenges involved in undertaking policy-related research in the fields of tourism, leisure and events. With a swiftly growing academic reputation, the journal is ‘B’ rated by the Australian Business Deans Council (ABDC). It has received citations from a number of senior practitioners and influential bodies, including the Organisation for Economic Cooperation and Development (OECD).