Research on the Impact of Housing Price Volatility on Foreign Capital Entry from the Perspective of Spatial Spillover

DOI

10.2991/aebmr.k.210909.017How to use a DOI?

Keywords

Housing price volatility, The entry of foreign capital, Spatial spillover, Spatial autocorrelation, Spatial Dubin Model

Abstract

Foreign direct investment in the local market is an indispensable driving force for China to accelerate the new development pattern of Chinese and international dual circulation. The continuous increase in the sale price of commercial housing in China will inevitably have an impact on the daily operations of foreign-funded enterprises. A more comprehensive understanding of the impact of housing price volatility on the entry of foreign capital from the perspective of spatial spillover will help the government to formulate more targeted regulatory policies. According to research results, it is found that the direct impact of volatility in local housing price on the entry of local foreign investment is not significant, but the indirect spillover effect on the entry of foreign capital in neighboring regions is significantly positive. In addition, measures such as expanding the capacity of the local market and increasing the total supply of local labor are all conducive to increasing the attractiveness of foreign investment.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Likui Lin
AU  - Xiumei Li
AU  - Danqi Li
PY  - 2021
DA  - 2021/09/11
TI  - Research on the Impact of Housing Price Volatility on Foreign Capital Entry from the Perspective of Spatial Spillover
BT  - Proceedings of the 2nd International Conference on Management, Economy and Law (ICMEL 2021)
PB  - Atlantis Press
SP  - 124
EP  - 132
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210909.017
DO  - 10.2991/aebmr.k.210909.017
ID  - Lin2021
ER  -