University Campuses and Housing Markets: Evidence from Nanjing
University Campuses and Housing Markets: Evidence from Nanjing
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DOI：
10.1080/00330124.2017.1325750
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发表时间：
2018-04
期刊：
影响因子：
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通讯作者：
Ruijun Zhong;Wanxia Zhao;Yonghua Zou;R. Mason
中科院分区：
文献类型：
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作者：
Ruijun Zhong;Wanxia Zhao;Yonghua Zou;R. Mason
近年来，中国见证了中国大学前所未有的增长。由于大学校园作为一种城市准公共产品，在周围社区内产生了各种外部性，包括对邻近住房市场的影响。通过对南京市中国案例的分析，本研究试图量化中国大学校园与住房市场之间的关联，帮助政策制定者、规划者和社区成员更好地了解校园与社区的关系。这项研究得出了以下发现。首先，大学校园已经被南京附近社区的房价所利用。其次，在邻近社区，大学校园溢出效益涉及到与其他公共产品的舒适价值之间的权衡。第三，不同层次大学的校园资本化效应不同。基于实证结果，我们提出了几点政策启示，其中关键是政策制定者需要认识到校园的潜在溢出效益并将其合理分配给多个利益相关者；校园和居民区应该协同规划，以优化土地利用效率；大学应该与周围社区充分参与，以实现互利最大化。
China has witnessed unprecedented growth of its universities in recent years. Because they function as a sort of urban quasi-public good, university campuses generate a variety of externalities within surrounding communities, including their impacts on adjacent housing markets. Through an analysis of the case of Nanjing, China, this study attempts to quantify the association between university campuses and housing markets in China and to help policymakers, planners, and community members better understand campus–community relationships more generally. The study yields the following findings. First, university campuses have been capitalized into the housing prices of their neighboring communities in Nanjing. Second, in the proximate communities, university campus spillover benefits involve trade-offs with the amenity values of other public goods. Third, campus capitalization effects vary across different tiers of universities. Based on the empirical results, we offer several policy implications, key among which are that policymakers need to acknowledge and rationally distribute the potential spillover benefits of the campus to multiple stakeholders; campus and residential communities should be planned synergistically to optimize land use efficiency; and universities should be fully engaged with their surrounding communities to maximize mutual benefits.