Abstract
The study applies an endogenous switching probit model, using the data from the China Household Finance Survey (CHFS) to explore the joint decision mechanism between housing purchase and entrepreneurship and estimate the (treatment) effect of housing-purchase on entrepreneurship. The findings are threefold. First, a higher housing price reduces the probability of house-purchase intention, and also that of actual house-purchase-action. Second, both house-purchase-intention and -action discourage actual entrepreneurship investment. Third, house-purchase-intention has a negative effect on potential entrepreneurship plans, while house-purchase-action encourages households to plan for a business in the future. © 2024 Published by Elsevier Inc.
| Original language | English |
|---|---|
| Article number | 103621 |
| Journal | International Review of Economics and Finance |
| Volume | 96 |
| Issue number | Part B |
| Online published | 7 Sept 2024 |
| DOIs | |
| Publication status | Published - Nov 2024 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 11 Sustainable Cities and Communities
Research Keywords
- Endogenous switching probit model
- Entrepreneurship
- House-purchase
- Urban households
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