Analysis of the Impact of Government Relocation on Housing Prices in the Moved-in Districts——A Case Study of the Beijing Municipal Government's Relocation
Government relocation has become a common policy in recent years to alleviate"urban diseases",as it can improve the allocation of resources and promote regional economic development by relocating administrative centers.This study utilized second-hand housing transaction data from 2016 to 2020 in Beijing.Adopting a spatiotemporal approach and constructing a DID model at a smaller geographical scale,it analyzed the impact of the Beijing municipal government's relocation on housing prices in the recipient areas.The research findings indicated that the relocation has brought about a premium effect of approximately 2.9%on residential properties in the recipient areas,with significant spatiotemporal heterogeneity.Moreover,government relocation demonstrated economic agglomeration effects and public resource reallocation effects,with lower-value residential properties benefiting more significantly.This study enriched the understanding of the mechanisms influencing housing prices and provided theoretical insights for government planning and reviewing relocation policies,aiding them in effectively managing and guiding regional economic development.
government relocationhousing pricesDID modelhedonic price method
NETL
NSTL
万方数据
