科研之友
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摘要
We present evidence on the impact of international economic openness upon residential real estate, consistent with the well-known Balassa-Samuelson effect, which suggests that increasing openness raises relative prices of non-tradable goods and services. Using a data set for 46 cities in different countries, we find that urban rents are positively affected by the openness of the economy and by city size.
- 出版日期2004-11
- 单位香港中文大学
