講座主題：International Travel Costsand Local Housing Markets

主講嘉賓：傅十和（廈門大學王亞南經濟研究院、bevictor伟德官网，教授）

講座時間：2018年11月30日（周五），下午3：30-5：00

講座地點：沙河校區主教303

嘉賓簡介：傅十和，美國波士頓學院經濟學博士，現任廈門大學王亞南經濟研究院、bevictor伟德官网教授，教育部新世紀優秀人才支持計劃（2007年）入選者，廈門大學南強青年拔尖人才支持計劃（2017）入選者。傅十和教授的研究方向包括城市、區域與房地産經濟學，勞動經濟學和環境經濟學，在《經濟研究》、《Review of Economics and Statistics》、《Journalof Public Economics》、《Journal of Labor Economics》、《Journal of Environmental Economics and Management》等國内外重要學術期刊上發表多篇論文，并承擔國家自然科學基金項目等重要課題。

内容摘要：This paper identifies theeffect of international travel costs on local housing markets. Theinternational travel cost is measured by whether an American city has launcheda nonstop flight to a Chinese city. Using difference-in-differences models, wefind that after an American airport connected with China via a nonstop flight,the monthly number of Chinese homebuyers in a county nearby the airportincreased by about one; local housing prices at the county level on averageincreased by $5900 (4%). We also find a significant decrease in the number oflocal non-Chinese homebuyers, suggesting a displacement effect in the localhousing markets by out-of-town homebuyers. Our findings imply that thespatial equilibrium model based on inter-city migration within a country can belargely generalized to international migration. Our study also contributes tothe literature on the economics of air travel and out-of-town homebuyers.

本講座獲得2018年bevictor伟德官网專題學術講座項目資助。