Please use this identifier to cite or link to this item:
Title: On FDI-led growth and the price of residential properties in Guangdong
Authors: Choy, LHT 
Mak, SWK
Issue Date: 2013
Source: Journal of housing and the built environment, 2013, p. 1-13
Abstract: Previous studies suggest that FDI inflows enhance economic growth in developing countries through spillover effects and more employment opportunities. This research attempts to go one step further by offering a theoretical framework for estimating the influence of FDI inflows on residential property prices through expanding the host country's economy. Utilizing a panel of 21 Guangdong cities from 2001 through 2009, the current study indicates that although the estimated coefficient for FDI inflows is positive and significant, its impact on prices is only modest. Moreover, most foreign real estate developers, especially those from Hong Kong, Macao and Taiwan, who concentrate on investing in commercial and deluxe residential developments, help preserve open space and green areas in less developed parts of Guangdong Province. Given that FDI inflows will not drive up property prices significantly, this research proposes that Guangdong Province, especially its inner cities, should create better business environment to attract foreign investment to develop the economies of inner cities, in order to enjoy more balanced economic growth in Guangdong.
Keywords: Economic growth
Guangdong Province
Property prices
Publisher: Springer
Journal: Journal of housing and the built environment 
ISSN: 1566-4910
EISSN: 1573-7772
DOI: 10.1007/s10901-013-9379-9
Appears in Collections:Journal/Magazine Article

View full-text via PolyU eLinks SFX Query
Show full item record


Last Week
Last month
Citations as of Sep 4, 2020

Page view(s)

Last Week
Last month
Citations as of Sep 16, 2020

Google ScholarTM



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.