打印

作者

Kangmin Wu;Yang Wang;Hong'ou Zhang;Yi Liu;Yuling Zhang

来源

HABITAT INTERNATIONAL,Vol.109,P.102323

语言

英文

关键字

Innovation;Capitalization;Housing prices;Hedonic price theory;Geodetector;China

作者单位

Key Lab of Guangdong for Utilization of Remote Sensing and Geographical Information System, Guangdong Open Laboratory of Geospatial Information Technology and Application, Guangzhou Institute of Geography, Guangdong Academy of Sciences, Guangzhou, 510070, China;Institute of Strategy Research for Guangdong, Hong Kong and Macao Greater Bay Area, Guangzhou, 510070, China;Southern Marine Science and Engineering Guangdong Laboratory Guangzhou, 511458, China;Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, CAS, Beijing, 100101, China;Key Lab of Guangdong for Utilization of Remote Sensing and Geographical Information System, Guangdong Open Laboratory of Geospatial Information Technology and Application, Guangzhou Institute of Geography, Guangdong Academy of Sciences, Guangzhou, 510070, China;Institute of Strategy Research for Guangdong, Hong Kong and Macao Greater Bay Area, Guangzhou, 510070, China;Southern Marine Science and Engineering Guangdong Laboratory Guangzhou, 511458, China;Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, CAS, Beijing, 100101, China

摘要

With the innovation-oriented transformation of the global economy, innovation and the knowledge-based economy have become two of the most distinguishing features of urbanization. The relationship between innovation and urban space has attracted considerable attention in existing theoretical research. However, little is known about the capitalization of innovation. Based on the capitalization hypothesis and hedonic price theory, we develop the concept of innovation capitalization and elaborate its mechanism. Based on housing data of 1668 communities in Guangzhou, a combination of the spatial regression model and the geodetector method were applied to confirm that innovation has a capitalization effect. This research is among the first attempts to quantitatively test the capitalization effect of innovation. The spatial regression results indicate that the innovation has significant positive impact on housing prices. The geodetector results indicate that innovation has an important impact on the spatial heterogeneity of housing prices. This research has critical theoretical and empirical value. We argue that from the innovation capitalization perspective, our understanding of the relationship between innovation and urban space can be deepened and that the impact of innovation on urban space development can be quantified, which can further help us understand the important role that innovation plays in urbanization and urban space development.