IGSNRR OpenIR
On innovation capitalization: Empirical evidence from Guangzhou, China
Wu, Kangmin1,2,3; Wang, Yang1,2,3; Zhang, Hong'ou1,2,3; Liu, Yi1,2,4; Zhang, Yuling1,3
2021-03-01
Source PublicationHABITAT INTERNATIONAL
ISSN0197-3975
Volume109Pages:11
Corresponding AuthorWang, Yang(wangyang@gdas.ac.cn)
AbstractWith 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.
KeywordInnovation Capitalization Housing prices Hedonic price theory Geodetector China
DOI10.1016/j.habitatint.2021.102323
Indexed BySCI
Language英语
Funding ProjectNational Natural Science Foundation of China[41871150] ; GDAS Project of Science and Technology Development[2021GDASYL-20210103004] ; National Key Research and Development Program[2019YFB2103101] ; Special Construction Project of Guangdong-Hong Kong-Macao Greater Bay Area Strategic Research Institute[2020GDASYL-20200201001] ; Key Special Project for Introduced Talents Team of Southern Marine Science and Engineering Guangdong Laboratory (Guangzhou)[GML2019ZD0301]
Funding OrganizationNational Natural Science Foundation of China ; GDAS Project of Science and Technology Development ; National Key Research and Development Program ; Special Construction Project of Guangdong-Hong Kong-Macao Greater Bay Area Strategic Research Institute ; Key Special Project for Introduced Talents Team of Southern Marine Science and Engineering Guangdong Laboratory (Guangzhou)
WOS Research AreaDevelopment Studies ; Environmental Sciences & Ecology ; Public Administration ; Urban Studies
WOS SubjectDevelopment Studies ; Environmental Studies ; Regional & Urban Planning ; Urban Studies
WOS IDWOS:000624558200001
PublisherPERGAMON-ELSEVIER SCIENCE LTD
Citation statistics
Cited Times:1[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.igsnrr.ac.cn/handle/311030/162095
Collection中国科学院地理科学与资源研究所
Corresponding AuthorWang, Yang
Affiliation1.Guangdong Acad Sci, Guangdong Open Lab Geospatial Informat Technol &, Key Lab Guangdong Utilizat Remote Sensing & Geog, Guangzhou Inst Geog, Guangzhou 510070, Peoples R China
2.Inst Strategy Res Guangdong, Hong Kong & Macao Greater Bay Area, Guangzhou 510070, Peoples R China
3.Southern Marine Sci & Engn Guangdong Lab, Guangzhou 511458, Peoples R China
4.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Key Lab Reg Sustainable Dev Modeling, Beijing 100101, Peoples R China
Recommended Citation
GB/T 7714
Wu, Kangmin,Wang, Yang,Zhang, Hong'ou,et al. On innovation capitalization: Empirical evidence from Guangzhou, China[J]. HABITAT INTERNATIONAL,2021,109:11.
APA Wu, Kangmin,Wang, Yang,Zhang, Hong'ou,Liu, Yi,&Zhang, Yuling.(2021).On innovation capitalization: Empirical evidence from Guangzhou, China.HABITAT INTERNATIONAL,109,11.
MLA Wu, Kangmin,et al."On innovation capitalization: Empirical evidence from Guangzhou, China".HABITAT INTERNATIONAL 109(2021):11.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Wu, Kangmin]'s Articles
[Wang, Yang]'s Articles
[Zhang, Hong'ou]'s Articles
Baidu academic
Similar articles in Baidu academic
[Wu, Kangmin]'s Articles
[Wang, Yang]'s Articles
[Zhang, Hong'ou]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Wu, Kangmin]'s Articles
[Wang, Yang]'s Articles
[Zhang, Hong'ou]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

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