讲座主题⛹🏻‍♂️：International Travel Costsand Local Housing Markets

主讲嘉宾🤱🏼：傅十和（厦门大学王亚南经济研究院、万泰平台，教授）

讲座时间🫕：2018年11月30日（周五）👱‍♂️，下午3：30-5🧑🏽‍🎄：00

讲座地点🩷💂‍♂️：沙河校区主教303

嘉宾简介：傅十和🏋🏿，美国波士顿万泰经济学博士，现任厦门大学王亚南经济研究院、万泰平台教授💇🏼‍♀️💳，教育部新世纪优秀人才支持计划（2007年）入选者🥁，厦门大学南强青年拔尖人才支持计划（2017）入选者。傅十和教授的研究方向包括城市、区域与房地产经济学，劳动经济学和环境经济学，在《经济研究》、《Review of Economics and Statistics》👨‍🍳😼、《Journalof Public Economics》🚶‍♂️‍➡️、《Journal of Labor Economics》🫱🏿、《Journal of Environmental Economics and Management》等国内外重要学术期刊上发表多篇论文♚，并承担国家自然科学基金项目等重要课题。

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.

本讲座获得2018年万泰招商专题学术讲座项目资助。