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Do Urbanization and Energy-environment Policies Affect Housing Values? Evidence From Spatial Textual Analysis

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Abstract

This study examines the impacts of urbanization and energy-environment policies on housing prices across 30 provinces in China from 2000 to 2015. Results indicate that current urbanization policy and current housing policy do not significantly affect the housing prices, but the housing prices are determined by current energy-environmental policy. In addition, we argue that the effects of post urbanization policy and post energy-environmental policy remain highly significant, while the implementation of energy-environmental policy results in an increase in housing prices through the reduction of the emission of industrial dust. Finally, the Clean Energy Policy drives up housing prices in highly regulated provinces in China.

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Acknowledgements

This work is financially supported by National Ten Thousand Outstanding Young Scholar Program [W02070352] and National Social Science Foundation in China [19FJYB050].

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Authors and Affiliations

  1. School of National Agricultural Institution and Development, South China Agricultural University, Guangzhou, 510642, Guangdong, China

    Yiming He & Meng Chen

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  1. Yiming He
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Highlights

Current urbanization policy and current housing policy do not significantly affect the housing prices, but the housing prices are determined by current energy-environmental policy.

The effects of post urbanization policy and post energy-environmental policy remain highly significant, while the implementation of energy-environmental policy results in an increase in housing prices through the reduction of the emission of industrial dust.

The Clean Energy Policy drives up housing prices in highly regulated provinces in China.

Appendix

Appendix

See Table A1

Table A1 Results of panel data unit root test
Full size table

See Fig. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21

Fig. 1
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Moran Index of housing prices in China (2000–2015)

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Moran Scatter of HP in China (2000)

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Moran Scatter of HP in China (2015)

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Moran Scatter of UR in China (2000)

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Moran Scatter of UR in China (2015)

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Moran Scatter of WW in China (2000)

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Moran Scatter of WW in China (2015)

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Moran Scatter of SO2 in China (2000)

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Moran Scatter of SO2 in China (2015)

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Moran Scatter of DUST in China (2000)

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Moran Scatter of DUST in China (2015)

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Hot Spot of HP in China (2000)

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Hot Spot of HP in China (2015)

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Hot Spot of UR in China (2000)

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Hot Spot of UR in China (2015)

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Hot Spot of WW in China (2000)

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Hot Spot of WW in China (2015)

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Hot Spot of SO2 in China (2000)

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He, Y., Chen, M. Do Urbanization and Energy-environment Policies Affect Housing Values? Evidence From Spatial Textual Analysis. Appl. Spatial Analysis 15, 365–395 (2022). https://doi.org/10.1007/s12061-021-09403-5

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