Impact of G20 Summit on Hangzhou House Prices
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DOI: 10.23977/HMEET.2019.049
Author(s)
Haizhen Wen, Xiangrui Hu and Dan Wang
Corresponding Author
Haizhen Wen
ABSTRACT
The G20 Hangzhou Summit made Hangzhou the focus of world attention, greatly enhanced Hangzhou's international image and urban competitiveness, promoted economic development, and also promoted the development of Hangzhou's real estate market. This paper chose quarterly panel data from 26 cities in 2015 and 2017 and set up a difference-in-differences (DID) model for quantitative analyzing the impact of G20 summit on Hangzhou house prices. This research found that the G20 summit had a significant impact on house prices in Hangzhou, it overall raised Hangzhou house prices by 1416.201yuan/m 2.
KEYWORDS
House prices; The G20 Hangzhou Summit; Difference-in-differences model
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