Work

The influence of administrative border on the spatial correlation of house prices: evidence from China

Year: 2025

Type: article

Abstract: This paper empirically examines the spatial correlation differences and mechanisms of housing prices in prefecture-level cities, considering the influence of administrative boundaries. Using an extended spatial Durbin model and panel data from 292 prefecture-level cities in China between 2000 and 2013, the study identifies the attributes and stage characteristics of real estate. The results indicate a significant spatial correlation in housing prices between neighboring prefecture-level cities, with inter-provincial administrative boundaries reducing the spatial correlation between these cities by 62.11%. Further research reveals significant changes in the spatial correlation of housing prices following the 2007 subprime mortgage crisis, with the transformation of real estate’s dominant attributes being the primary reason for these changes.

Source: Humanities and Social Sciences Communications

DOI: 10.1057/s41599-025-04463-1

Authors: He Wang, Shujun Yang

Institution: Hunan University of Science and Technology

Language: English

Topic: Housing Market and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: gold

Estimated APC paid: $1,890