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The impact of the digital economy on urban house prices: comprehensive explorations

Internet technology and data-driven innovations are changing the way people live and work, which could have an impact on real estate supply and demand. Therefore, this study focuses on the relationship between urban digital economy growth and urban house prices. First, the empirical model shows that...

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Main Authors: Cong, Shufeng, Chin, Lee, Muhamad Senan, Mohamad Khair Afham, Song, Yuhong
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2024
Online Access:http://psasir.upm.edu.my/id/eprint/113534/1/113534.pdf
http://psasir.upm.edu.my/id/eprint/113534/
https://journals.vilniustech.lt/index.php/IJSPM/article/view/21474
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spelling my.upm.eprints.1135342024-11-26T03:42:01Z http://psasir.upm.edu.my/id/eprint/113534/ The impact of the digital economy on urban house prices: comprehensive explorations Cong, Shufeng Chin, Lee Muhamad Senan, Mohamad Khair Afham Song, Yuhong Internet technology and data-driven innovations are changing the way people live and work, which could have an impact on real estate supply and demand. Therefore, this study focuses on the relationship between urban digital economy growth and urban house prices. First, the empirical model shows that the digital economy has an inverted U-shaped impact on urban housing prices. The mechanisms underlying this relationship were then examined. The results indicated that fixed asset investment, government expenditure, and the urban environment influence the relationship between digital economy growth and urban house prices. Finally, a heterogeneity analysis revealed that the digital economy does not affect house prices in Tier 1, New Tier 1, and Tier 2 Chinese cities, but increases house prices in Tier 3 cities. In Tier 4 and Tier 5 cities, this relationship was found to be inverted U-shaped. These findings offer valuable insights to policymakers in China in balancing the growth of the digital economy and the stability of house prices. Vilnius Gediminas Technical University 2024 Article PeerReviewed text en cc_by_4 http://psasir.upm.edu.my/id/eprint/113534/1/113534.pdf Cong, Shufeng and Chin, Lee and Muhamad Senan, Mohamad Khair Afham and Song, Yuhong (2024) The impact of the digital economy on urban house prices: comprehensive explorations. International Journal of Strategic Property Management, 28 (3). pp. 163-176. ISSN 1648-715X; eISSN: 1648-9179 https://journals.vilniustech.lt/index.php/IJSPM/article/view/21474 10.3846/ijspm.2024.21474
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Internet technology and data-driven innovations are changing the way people live and work, which could have an impact on real estate supply and demand. Therefore, this study focuses on the relationship between urban digital economy growth and urban house prices. First, the empirical model shows that the digital economy has an inverted U-shaped impact on urban housing prices. The mechanisms underlying this relationship were then examined. The results indicated that fixed asset investment, government expenditure, and the urban environment influence the relationship between digital economy growth and urban house prices. Finally, a heterogeneity analysis revealed that the digital economy does not affect house prices in Tier 1, New Tier 1, and Tier 2 Chinese cities, but increases house prices in Tier 3 cities. In Tier 4 and Tier 5 cities, this relationship was found to be inverted U-shaped. These findings offer valuable insights to policymakers in China in balancing the growth of the digital economy and the stability of house prices.
format Article
author Cong, Shufeng
Chin, Lee
Muhamad Senan, Mohamad Khair Afham
Song, Yuhong
spellingShingle Cong, Shufeng
Chin, Lee
Muhamad Senan, Mohamad Khair Afham
Song, Yuhong
The impact of the digital economy on urban house prices: comprehensive explorations
author_facet Cong, Shufeng
Chin, Lee
Muhamad Senan, Mohamad Khair Afham
Song, Yuhong
author_sort Cong, Shufeng
title The impact of the digital economy on urban house prices: comprehensive explorations
title_short The impact of the digital economy on urban house prices: comprehensive explorations
title_full The impact of the digital economy on urban house prices: comprehensive explorations
title_fullStr The impact of the digital economy on urban house prices: comprehensive explorations
title_full_unstemmed The impact of the digital economy on urban house prices: comprehensive explorations
title_sort impact of the digital economy on urban house prices: comprehensive explorations
publisher Vilnius Gediminas Technical University
publishDate 2024
url http://psasir.upm.edu.my/id/eprint/113534/1/113534.pdf
http://psasir.upm.edu.my/id/eprint/113534/
https://journals.vilniustech.lt/index.php/IJSPM/article/view/21474
_version_ 1817844674097840128
score 13.223943

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