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The Impact of Public Resource Allocation on Housing Prices – Taking Chengdu as an Example
- 1 The University of Michigan
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Abstract
This paper examines the impact of public resource allocation on housing prices and uses Chengdu as an example for analysis. By comparing education, healthcare, and transportation in each district of Chengdu, the study finds that public resource allocation and housing prices in Chengdu are positively correlated and that education and healthcare resources are more strongly correlated with property prices. Both public resources and property prices in Chengdu show a general trend of "circle + radial" diffusion, decreasing from the first to the third circle. After comparing the public resources and property prices in each district, it is clear that there is still a large gap between districts. This paper argues that the government should increase the construction of public resources and optimize talent policies in the surrounding areas in order to alleviate the disparity between districts, disperse the pressure on public resources in each district in the first circle, and promote coordinated urban development.
Keywords
house price, public resources, real estate
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Cite this article
Gao,Q. (2023).The Impact of Public Resource Allocation on Housing Prices – Taking Chengdu as an Example.Advances in Economics, Management and Political Sciences,10,28-36.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies
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