Tourism development and house prices in China’s megacities – a multivariate quantile-on-quantile test

ABSTRACT

The purpose of this study is to examine the relationship between tourism and house prices (HPs) in China’s megacities, namely Beijing, Chongqing, Shanghai and Tianjin using the quantile-on-quantile method. This strategy offers the best foundation for capturing the overall structure of reliance between tourism activities and HPs. With significant variances between cities and within quantiles of each China’s megacity, the data largely demonstrate a positive link between tourism and HPs for megacities. These results may particularly have significant policy ramifications for megacities.

KEYWORDS:

• Tourism
• house prices
• multivariate quantile-on-quantile approaches
• China’s megacities
• economic development

Disclosure statement

No potential conflict of interest was reported by the author(s).

Notes

1 Here is the website for the data: http://www.stats.gov.cn/english/

Additional information

Funding

This work was supported by The Institute of Greater Bay Area Development in Beijing Institute of Technology Zhuhai: [grant number XK-2023-014].