Immigration and the Neighborhood : New Evidence from Recent Immigrants in Hong Kong
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 549-566 |
| Journal / Publication | International Real Estate Review |
| Volume | 21 |
| Issue number | 4 |
| Publication status | Published - 2018 |
Link(s)
| Document Link | Links
|
|---|---|
| Permanent Link | https://scholars.cityu.edu.hk/en/publications/publication(cf894be4-e268-4d65-a1f3-982cb7c4ef2a).html |
Abstract
This study examines the causal effect of the recent inflow of high-skilled immigrants on the housing value of the properties of Hong Kong natives. We categorize homebuyers into local, Mainland Chinese, and other foreigners, and construct neighborhood-level housing profiles based on housing transactions from 2011 to 2016. We estimate the impact of immigrants on housing value at the neighborhood level. By using instrumental variable estimation, we find that recent immigrant inflow does not generate significant impact on the willingness of Hong Kong natives to pay for housing units.
Research Area(s)
- Immigration, Housing Price, Neighborhood, Externality, Hong Kong, CULTURAL-DIVERSITY, IMPACTS, MARKET
Citation Format(s)
Immigration and the Neighborhood: New Evidence from Recent Immigrants in Hong Kong. / Chang, Zheng.
In: International Real Estate Review, Vol. 21, No. 4, 2018, p. 549-566.
In: International Real Estate Review, Vol. 21, No. 4, 2018, p. 549-566.
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
