City Story: House Prices and Competitiveness

  • The Whole Group


In this case study, we consider technology jobs and housing affordability trends in the Silicon Valley region. We estimate a vector error correction model using measures of housing affordability, GMP, start-ups and patent applications. Despite ever-higher housing prices and declining affordability, innovation, as measured by the number of technology jobs, as well as other metrics, continues to thrive.


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Copyright information

© China Social Sciences Press 2019

Authors and Affiliations

  • The Whole Group
    • 1
    • 2
  1. 1.Chinese Academy of Social SciencesBeijingChina
  2. 2.UN-HABITATNairobiKenya

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