Trade Shock,Housing Supply Elasticity And Urban Growth

The study of trade opening and economic growth has always been a hot topic in the field of economics.In recent years,with the advent of new economic geography,regional and geographical factors have been paid more and more attention by the academic circle,so the study of economic growth at the city level has become a hot topic.China is a vast country,and policies on trade and urban planning vary greatly among regions,resulting in differences in terms of trade and housing market among cities.At the same time,the development of different cities in China is also very uneven,and the effects of trade impact on different cities are also different to some extent.Therefore,this paper takes the trade shock as the entry point,considers the factors of housing supply elasticity in various cities,and combines the theories of national trade and urban economics to conduct an empirical analysis and mechanism test on the relationship between trade shock,housing supply elasticity and urban growth.The main content of this paper includes six chapters: The first chapter mainly summarizes China’s economic situation,trade opening and housing market development,and explains the theme and significance of this research.The second chapter sorts out the relevant literature.The third chapter analyzes the current situation of China’s trade opening and labor market.The fourth chapter first analyzes the impact mechanism of income effect and employment effect of trade shock,and puts forward two hypotheses to be tested in this paper.The fifth chapter establishes the empirical model of this paper,carries on the empirical research on the relationship between trade shock and urban growth,makes an in-depth analysis of the moderating effect of housing supply elasticity by adding housing supply elasticity into the interaction term.Finally,the mechanism of income effect and employment effect of trade shock is tested.Chapter six verifies the two main hypotheses of this paper according to the empirical results,puts forward effective countermeasures and suggestions,and analyzes the shortcomings of current research and the direction of future research.This paper mainly draws the following conclusions: First,trade shock promotes the progress of urban labor market,including the increase of income and employment.Secondly,this paper adds the variable of housing supply elasticity on the basis of trade shock.The results show that the wage effect is more significant in cities with lower housing supply elasticity,and the employment effect is more significant in cities with higher housing supply elasticity.This conclusion shows its significant moderating effect on trade shock.Finally,the mechanism test of this paper also confirms that trade shock promotes urban growth through technological innovation,agglomeration effect,optimization of resource allocation efficiency and expansion of population scale.