From cost to creativity: Tracing the impact of housing affordability on innovation and entrepreneurship in urban China

IF 6.5 1区经济学 Q1 DEVELOPMENT STUDIES

Habitat International Pub Date : 2025-04-03 DOI:10.1016/j.habitatint.2025.103382

Zhihao He , Zhuoqun Li , Guanyun Cui , Ziyan Xu

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引用次数: 0

Abstract

Innovation and entrepreneurship are vital sources of a city's economic vigor, while housing affordability is crucial to the sustainable development of urban areas. Few studies have examined the effects of housing affordability on innovation and entrepreneurship. This study addresses this research gap by developing an analytical framework for housing affordability, innovation, and entrepreneurship. Using a city-level panel dataset covering the period 2011–2021, this study creates an indicator for housing affordability and examines its impact on innovation and entrepreneurship via a two-way fixed-effects model. The results demonstrate that housing affordability significantly promotes innovation and entrepreneurship, and that population agglomeration and industrial structure transformation positively mediate this relationship. Furthermore, heterogeneity analyses show that the positive effects of innovation and entrepreneurship on housing affordability are more pronounced in innovation-oriented cities, non-resource-based cities, and cities with higher administrative statuses. These insights carry important theoretical and policy implications for understanding the subtle effects of the housing market on urban economic development.

查看原文本刊更多论文

从成本到创造力：追踪住房负担能力对中国城市创新创业的影响

创新和创业是一个城市经济活力的重要来源，而住房负担能力对城市地区的可持续发展至关重要。很少有研究考察住房负担能力对创新和创业的影响。本研究通过开发住房负担能力、创新和创业的分析框架来解决这一研究差距。本研究使用覆盖2011-2021年的城市面板数据集，创建了住房负担能力指标，并通过双向固定效应模型检验其对创新和创业的影响。结果表明，住房负担能力对创新创业有显著的促进作用，人口集聚和产业结构转型在这一关系中起正向中介作用。此外，异质性分析表明，创新创业对住房负担能力的正向影响在创新型城市、非资源型城市和行政地位较高的城市更为显著。这些见解对于理解房地产市场对城市经济发展的微妙影响具有重要的理论和政策意义。

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

Habitat International Multiple-

CiteScore

10.50

自引率

10.30%

发文量

151

审稿时长

38 days

期刊介绍： Habitat International is dedicated to the study of urban and rural human settlements: their planning, design, production and management. Its main focus is on urbanisation in its broadest sense in the developing world. However, increasingly the interrelationships and linkages between cities and towns in the developing and developed worlds are becoming apparent and solutions to the problems that result are urgently required. The economic, social, technological and political systems of the world are intertwined and changes in one region almost always affect other regions.