Nber Working Paper Series towards a System of Open Cities in China: Home Prices, Fdi Flows and Air Quality in 35 Major Cities
نویسندگان
چکیده
Over the last thirty years, China's major cities have experienced significant income and population growth. Much of this growth has been fueled by urban production spurred by world demand. Using a unique cross-city panel data set, we test several hypotheses concerning the relationship between home prices, wages, foreign direct investment and ambient air pollution across major Chinese cities. Home prices are lower in cities with higher ambient pollution levels. Cities featuring higher per-capita FDI flows have lower pollution levels. Siqi Zheng Institute of Real Estate Studies He Shanheng Building, Tsinghua University Beijing 100084, P. R. China [email protected] Matthew E. Kahn UCLA Institute of the Environment Department of Economics Department of Public Policy Box 951496 La Kretz Hall, Suite 300 Los Angeles, CA 90095-1496 and NBER [email protected] Hongyu Liu Institute of Real Estate Studies He Shanheng Building Tsinghua University Beijing, 100084 P. R. China [email protected]
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