Influence of Industrial Structure and Human Resource on Cities: From a Perspective of Housing Supply Elasticity

doi:10.16382/j.cnki.1000-5579.2017.04.017

Abstract

Abstract:

Along with the economic context of New Normal, and the development of supply side reform, Chinese cities have successively introduced adjustment policy regarding to population and industry, and actively explored healthy and sustainable development path. Given the role of housing market in shaping urban economic and social environment as well as the benefit for urban transformation, it is necessity to explore the relationship between housing market and urban basic structure such as population and industry. Referring to the empirical analysis of the housing supply and urban development theory proposed by Glaeser et al.(2006), this thesis finds that the housing supply elasticity is an important channel to link the housing market and the urban macro economy based on the data of Chinese prefecture-level cities between 2005 and 2013. Cities with elastic housing supply market tend to display faster population growth as well as smaller increase in wage and housing price, facing employment demand shock. Based on the mechanism, this thesis reveals the role of housing market on designing policies on population and industry, which provides significant reference for sustainable development of cities.

Key words: housing supply, industrial structure, human resource, urban development

YANG Zan, YANG Hong-jie, FAN Ying. Influence of Industrial Structure and Human Resource on Cities: From a Perspective of Housing Supply Elasticity[J]. Journal of East China Normal University (Philosoph, 2017, 49(4): 130-136.

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