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Article: The dynamics of the Shanghai land market - An intra city analysis

TitleThe dynamics of the Shanghai land market - An intra city analysis
Authors
KeywordsIntra-city urban development
Land market
Shanghai
Issue Date2011
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/cities
Citation
Cities, 2011, v. 28 n. 5, p. 372-380 How to Cite?
AbstractIn an open market, the land price of a particular site represents a set of attributes that a user is willing to pay for the use of that site. It has long been established that one of the most important attributes is the distance of this site from the city center. Based on a mono-centric assumption of urban development, land economists since Alonso have almost all agreed that there is a diminishing effect on land price the greater the distance from the city center. Although there have been various modifications of this locational perspective, it remains the core concept of land market dynamics. The question arises, therefore, as to whether a semi-open but extremely active land market with a heavy government presence will also follow this urban structure principle. In this paper, we apply a double-log regression model to examine land price changes in Shanghai from 1992 to 2006. Our results, based on an examination of more than seven thousand transactions, show that land price changes in Shanghai follow these dynamics and that a major transportation node plays an important role. © 2011 Elsevier Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/135447
ISSN
2015 Impact Factor: 2.051
2015 SCImago Journal Rankings: 1.422
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLi, LHen_HK
dc.date.accessioned2011-07-27T01:35:19Z-
dc.date.available2011-07-27T01:35:19Z-
dc.date.issued2011en_HK
dc.identifier.citationCities, 2011, v. 28 n. 5, p. 372-380en_HK
dc.identifier.issn0264-2751en_HK
dc.identifier.urihttp://hdl.handle.net/10722/135447-
dc.description.abstractIn an open market, the land price of a particular site represents a set of attributes that a user is willing to pay for the use of that site. It has long been established that one of the most important attributes is the distance of this site from the city center. Based on a mono-centric assumption of urban development, land economists since Alonso have almost all agreed that there is a diminishing effect on land price the greater the distance from the city center. Although there have been various modifications of this locational perspective, it remains the core concept of land market dynamics. The question arises, therefore, as to whether a semi-open but extremely active land market with a heavy government presence will also follow this urban structure principle. In this paper, we apply a double-log regression model to examine land price changes in Shanghai from 1992 to 2006. Our results, based on an examination of more than seven thousand transactions, show that land price changes in Shanghai follow these dynamics and that a major transportation node plays an important role. © 2011 Elsevier Ltd.en_HK
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/citiesen_HK
dc.relation.ispartofCitiesen_HK
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in Cities. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Cities, 2011, v. 28 n. 5, p. 372-380. DOI: 10.1016/j.cities.2011.05.004-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectIntra-city urban developmenten_HK
dc.subjectLand marketen_HK
dc.subjectShanghaien_HK
dc.titleThe dynamics of the Shanghai land market - An intra city analysisen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0264-2751&volume=28&issue=5&spage=372&epage=380&date=2011&atitle=The+dynamics+of+the+Shanghai+land+market:+an+intra+city+analysis-
dc.identifier.emailLi, LH:lhli@hku.hken_HK
dc.identifier.authorityLi, LH=rp01010en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.cities.2011.05.004en_HK
dc.identifier.scopuseid_2-s2.0-80051579464en_HK
dc.identifier.hkuros186476en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-80051579464&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume28en_HK
dc.identifier.issue5en_HK
dc.identifier.spage372en_HK
dc.identifier.epage380en_HK
dc.identifier.isiWOS:000295112100002-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLi, LH=8418463000en_HK
dc.identifier.citeulike9488320-

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