Urban Agglomeration, Housing Price, And Space-Time Spillover Effect-Empirical Evidences Based On Data From Hundreds Of Cities In China

Taking 100 cities in China, this paper adopts gravity model, time-space model, and generalized impulse response function to probe into the spillover effect of housing price against the backdrop of spatial agglomeration. This study found that the degree of spillover effect between cities is correlated to economic foundations and grade of cities in general. When economic foundations and grade of a city are basically the same, the spillover effect presents a law of weakening with the increase of distance. In urban agglomerations with higher degree of networked structure, the features are the all-around spillover effect of central city.