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Featured researches published by Siqi Zheng.


Journal of Economic Surveys | 2014

THE EVOLVING GEOGRAPHY OF CHINA'S INDUSTRIAL PRODUCTION: IMPLICATIONS FOR POLLUTION DYNAMICS AND URBAN QUALITY OF LIFE

Siqi Zheng; Cong Sun; Ye Qi; Matthew E. Kahn

Chinas rapid economic growth has been fueled by industrialization and urbanization. Given its export focus, this industrialization was spatially concentrated in the coastal eastern cities. Over the last decade, a spatial transformation has taken place leading to a deindustrialization of the rich coastal cities and sharp industrial growth in the inland cities. This survey examines recent work that studies the economic geography of industrial production, pollution, and quality of life in Chinas cities. We focus on the interaction between firms, local governments, and the central government that together determine the new economic geography of industry and pollution within China.


Journal of Regional Science | 2014

Land Supply and Capitalization of Public Goods in Housing Prices: Evidence from Beijing

Siqi Zheng; Weizeng Sun; Rui Wang

This paper studies the extent to which spatial heterogeneity in housing prices is affected by housing supply in Beijings specific context of centralized metropolitan government without local property tax. Taking data sets of residential land leases and private housing sales records from 2006 to 2008 within Beijings metropolitan area, this paper examines how the capitalization of school quality and subway accessibility in housing prices varies with land availability instrumented by the employ- ment density of state-owned enterprises (SOEs) at the beginning of SOE reform. Results confirm that the capitalization of school quality and subway accessibility is larger in supply-constrained locations.


Tsinghua Science & Technology | 2010

Value of Access to Jobs and Amenities: Evidence from New Residential Properties in Beijing

Wenjie Ding; Siqi Zheng; Xiaoyang Guo

Abstract With the rapid urbanization of Chinese cities, access to jobs and amenities is becoming increasingly valued in households choice of residential locations. In this paper, we estimate the implicit value of access to jobs and amenities in Beijing using the hedonic pricing model. The spatial distributions of jobs and amenities in the Beijing Metropolitan Area are quite centralized, supporting the traditional monocentric model in the urban economics literature. Accessibility indices are developed to measure the accessibilities to jobs and amenities of 129 Jiedaos (residential zones). We then employ the hedonic pricing equations to estimate the capitalization effects of these accessibility indices in the prices of new residential properties. The empirical results show that the accessibility indices are important determinants of residential property prices in Beijing, which means that urban residents have a willingness to pay for access to high quality amenities.


Economics Books | 2016

Blue Skies over Beijing:Economic Growth and the Environment in China

Matthew E. Kahn; Siqi Zheng

Over the last thirty years, even as Chinas economy has grown by leaps and bounds, the environmental quality of its urban centers has precipitously declined due to heavy industrial output and coal consumption. The country is currently the worlds largest greenhouse-gas emitter and several of the most polluted cities in the world are in China. Yet, millions of people continue moving to its cities seeking opportunities. Blue Skies over Beijing investigates the ways that Chinas urban development impacts local and global environmental challenges. Focusing on day-to-day choices made by the nations citizens, families, and government, Matthew Kahn and Siqi Zheng examine how Chinese urbanites are increasingly demanding cleaner living conditions and consider where China might be headed in terms of sustainable urban growth. Kahn and Zheng delve into life in Chinas cities from the personal perspectives of the rich, middle class, and poor, and how they cope with the stresses of pollution. Urban parents in China have a strong desire to protect their children from environmental risk, and calls for a better quality of life from the rising middle class places pressure on government officials to support greener policies. Using the historical evolution of American cities as a comparison, the authors predict that as Chinas economy moves away from heavy manufacturing toward cleaner sectors, many of Chinas cities should experience environmental progress in upcoming decades. Looking at pressing economic and environmental issues in urban China, Blue Skies over Beijing shows that a cleaner China will mean more social stability for the nation and the world.


Journal of Economic Surveys | 2016

THE DECOMPOSITION AND DYNAMICS OF INDUSTRIAL CARBON DIOXIDE EMISSIONS FOR 287 CHINESE CITIES IN 1998–2009

Maximilian Auffhammer; Weizeng Sun; Jianfeng Wu; Siqi Zheng

85% of Chinas GHG emissions are attributed to urban economic activities, and this share is expected to rise given Chinas fast urbanization process. This paper provides estimates of city‐level industrial CO emissions and their growth rates for all 287 Chinese prefecture‐level and above cities during the years 1998–2009. We decompose the CO emission changes into scale, composition and technique effects. The decomposition results show that these three effects differ significantly across the three tiers of cities in China. The scale effect contributes to rising CO emissions, while the technique effect leads to declining CO emissions in all cities. The composition effect leads to increasing CO emissions in the third‐tier cities, while it reduces CO emissions in the first and second‐tier cities, due to the relocation of energy‐intensive industries from the latter to the former type of cities. Based on these decomposition results, we identify the separate channels through which the inflow of FDI and the environmental regulations affect city‐level CO emissions. The decomposition framework in our paper can help policy makers and scholars to better understand Chinese cities’ trade‐offs between economic growth and environmental goals.


Real Estate Economics | 2016

Investor Confidence as a Determinant of China's Urban Housing Market Dynamics

Siqi Zheng; Weizeng Sun; Matthew E. Kahn

Chinas urban housing market dynamics suggest that evolving investor confidence may be a relevant demand shifter. Such investors are continually updating their beliefs about the state of the macroeconomy and the policy uncertainty related to national and local housing policies. We build a 35 Chinese city real estate confidence index that varies over time and across cities. This index predicts subsequent house price appreciation and new housing sales. We document evidence of heterogeneous effects of investor confidence depending on a citys demographics and the citys elasticity of housing supply. Our results based on a new household‐level expectations survey bolster the case that investor expectations are an important determinant of real estate price dynamics.


Archive | 2012

A New Approach for Constructing Home Price Indices in China: The Pseudo Repeat Sales Model

Xiaoyang Guo; Siqi Zheng; David Geltner; Hongyu Liu

Due to data and methodology constraints, there is a lack of good quality-controlled residential price indices publicly available in China. New home sales account for quite a large share of total home sales (87% in 2010) in Chinese cities, As a result, the standard repeat sales approach cannot be employed, as a new housing unit only appears once on the market. The hedonic method may be more suitable in principle, but it is vulnerable to an omitted variables problem which may be more significant in Chinese cities due to extremely dynamic urban spatial structure development and fast infrastructure construction.Taking advantage of a unique feature of residential development in Chinese cities, we develop a “pseudo repeat sale” model (ps-RS) to construct more reliable quality-controlled price indices for newly-constructed homes. The new homes are developed in the form of residential complexes. Each complex is developed by a single developer and contains a number of high-rise residential buildings. Each housing unit within the same complex shares the same location and community attributes, as well as similar physical characteristics (such as structure type, architecture style, housing age, etc). Of course, there may still be important differences in unit size, number of bedrooms, floor level within the high-rise, and the direction the main bedroom faces. Based on specific criteria, we match two very similar new sales within a complex to create a “pseudo-pair.” We are able to generate a vast number of such pairs, many more than in traditional repeat sales models. By regressing the price differential onto the within-pair differentials in unit-specific physical attributes as well as the usual repeat-sales time dummy variables corresponding to the index periods (locational and community variables are cancelled out), we are able to construct a ps-RS price index for new homes. This ps-RS price index approach not only addresses the problem of lack of repeat-sales data and the omitted variables problem in the hedonic, but also addresses the traditional problems with the classical repeat-sales model in terms of small sample sizes or sample selection bias. Another advantage of this index is its transparency and ease of understandability for better communication with non-specialized constituencies (government and private sector policy makers, investors, and analysts).We test the approach using a large-scale micro transaction data set of new home sales from January 2005 to June 2011(469,070 observations) in Chengdu, Sichuan Province. We estimate our ps-RS indices and compare them with a corresponding standard hedonic index. The two indexes show similar overall price appreciation patterns, but the ps-RS index has less volatility and larger first-order autocorrelation than the hedonic index, suggesting that the ps-RS exhibits less random estimation error. The ps-RS approach may be suitable for any rapidly urbanizing country in which new home sales dominate the housing market and where the new housing stock is constructed in large-scale complexes consisting of many relatively homogeneous individual units.


Archive | 2008

Population Growth Across Chinese Cities: Demand Shocks, Housing Supply Elasticity and Supply Shifts

Yuming Fu; Siqi Zheng; Hongyu Liu

The population growth of a city is constrained by its housing supply. The growth occurs if the housing supply is elastic in response to urban demand shocks, if the supply shifts out, or if per-capita housing demand decreases. We use this framework to examine the growth of 85 Chinese cities between 1998 and 2004, focusing on the determinants of the supply elasticity. Both the supply shifts and the elasticity are major sources of cross-city variations in growth. The elasticity depends on the availability of infrastructure, the cost of redevelopment, and the income inequality in the city, but not on population density.


ieee international conference on complex systems | 2018

The Principle of Relatedness

César A. Hidalgo; Pierre-Alexandre Balland; Ron Boschma; Mercedes Delgado; Maryann P. Feldman; Koen Frenken; Edward L. Glaeser; Canfei He; Dieter F. Kogler; Andrea Morrison; Frank Neffke; David L. Rigby; Scott Stern; Siqi Zheng; Shengjun Zhu

The idea that skills, technology, and knowledge, are spatially concentrated, has a long academic tradition. Yet, only recently this hypothesis has been empirically formalized and corroborated at multiple spatial scales, for different economic activities, and for a diversity of institutional regimes. The new synthesis is an empirical principle describing the probability that a region enters - or exits - an economic activity as a function of the number of related activities pre- sent in that location. In this paper we summarize some of the recent empirical evidence that has generalized the principle of relatedness to a fact describing the entry and exit of products, industries, occupations, and technologies, at the national, regional, and metropolitan scales. We conclude by describing some of the policy implications and future avenues of research implied by this robust empirical principle.


Journal of Regional Science | 2017

LOCAL PUBLIC SERVICE PROVISION AND SPATIAL INEQUALITY IN CHINESE CITIES: THE ROLE OF RESIDENTIAL INCOME SORTING AND LAND-USE CONDITIONS

Weizeng Sun; Yuming Fu; Siqi Zheng

Spatial inequality refers to unequal access to local public services between high- and low-income households in relation to their residential locations. We examine two hypotheses regarding the role of income sorting and land-use conditions in shaping spatial inequality in Chinese cities, where residents have little direct influence on local public service provision. First, in the presence of resource indivisibility, travel cost, and location-based rationing, scarcity of public-service resources in a city makes access to public services more uneven across neighborhoods, thus exacerbating income sorting and spatial inequality in the city. Second, the exacerbating effect of resource scarcity is mitigated by land-use conditions that limit income sorting. Estimates of willingness to pay by households of different income levels for public-service resources across cities corroborate both the exacerbating effect of resource scarcity and the mitigating effect of inclusive land-use conditions.

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Matthew E. Kahn

National Bureau of Economic Research

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Rui Wang

University of California

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Yuming Fu

National University of Singapore

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David Geltner

Massachusetts Institute of Technology

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