Author(s)

Zhengyi Niu

College of Economic, Jinan University, Guangzhou, China.

This paper proposes two hypotheses that urban housing prices inhibit urban labor mobility and urban high-tech industry development by introducing the extended CP model of housing prices. On this basis, using the data of the 9-city data of the Pearl River Delta from 2001 to 2015 to conduct empirical analysis and testing through the fixed-effects model, it is found that the increase of relative housing prices in cities will promote urban labor inflows and inhibit the development of urban high-tech industries. Factors such as education level, medical level, and government budget expenditure will, to a certain extent, strengthen the role of relative housing prices in promoting labor inflows and weaken the inhibition of urban housing prices on high-tech industries.

City Housing Price Level, Labor Mobility, High-Tech Industry Development Level

Niu, Z. (2019) Urban Housing Prices, Labor Mobility and the Development of Urban High-Tech Industries
—An Empirical Analysis Based on Panel Data in the Pearl River Delta Region. Modern Economy, 10, 1048-1061. doi: 10.4236/me.2019.103070.