How does the G20 summit affect land market? Evidence from China

Xuejun Du; Zhonghua Huang

doi:10.3846/ijspm.2021.15470

How does the G20 summit affect land market? Evidence from China

Xuejun Du, Zhonghua Huang^*

^*Corresponding author for this work

School of Public Management

Shanghai Normal University

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

We employ the difference-in-difference and synthetic control methods to investigate the capitalization effect ohosting the G20 Summit on land market, based on China’s land transaction dataset from 2011 to 2019. We find that hosting the G20 Summit has a significant positive effect on land prices in the host city, increasing land prices by over 22.6compared to comparable cities. The impact of hosting the G20 Summit on land prices is larger in the post-G20 period thain the preparation period. Further, hosting the G20 Summit has heterogeneous and distributional effects on land priceThe capitalization effects of venue construction and transportation infrastructure upgrading on land prices are the maichannels.

Original language	English
Pages (from-to)	432-445
Number of pages	14
Journal	International Journal of Strategic Property Management
Volume	25
Issue number	6
DOIs	https://doi.org/10.3846/ijspm.2021.15470
State	Published - 27 Aug 2021

Keywords

Capitalization effect
China
G20 Summit
Land price
Mega-event

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.3846/ijspm.2021.15470

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title = "How does the G20 summit affect land market? Evidence from China",

abstract = "We employ the difference-in-difference and synthetic control methods to investigate the capitalization effect ohosting the G20 Summit on land market, based on China{\textquoteright}s land transaction dataset from 2011 to 2019. We find that hosting the G20 Summit has a significant positive effect on land prices in the host city, increasing land prices by over 22.6compared to comparable cities. The impact of hosting the G20 Summit on land prices is larger in the post-G20 period thain the preparation period. Further, hosting the G20 Summit has heterogeneous and distributional effects on land priceThe capitalization effects of venue construction and transportation infrastructure upgrading on land prices are the maichannels.",

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N2 - We employ the difference-in-difference and synthetic control methods to investigate the capitalization effect ohosting the G20 Summit on land market, based on China’s land transaction dataset from 2011 to 2019. We find that hosting the G20 Summit has a significant positive effect on land prices in the host city, increasing land prices by over 22.6compared to comparable cities. The impact of hosting the G20 Summit on land prices is larger in the post-G20 period thain the preparation period. Further, hosting the G20 Summit has heterogeneous and distributional effects on land priceThe capitalization effects of venue construction and transportation infrastructure upgrading on land prices are the maichannels.

AB - We employ the difference-in-difference and synthetic control methods to investigate the capitalization effect ohosting the G20 Summit on land market, based on China’s land transaction dataset from 2011 to 2019. We find that hosting the G20 Summit has a significant positive effect on land prices in the host city, increasing land prices by over 22.6compared to comparable cities. The impact of hosting the G20 Summit on land prices is larger in the post-G20 period thain the preparation period. Further, hosting the G20 Summit has heterogeneous and distributional effects on land priceThe capitalization effects of venue construction and transportation infrastructure upgrading on land prices are the maichannels.

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KW - Mega-event

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How does the G20 summit affect land market? Evidence from China

Abstract

Keywords

UN SDGs

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