Asymmetric and Spatial Non-Stationary Effects of Particulate Air Pollution on Urban Housing Prices in Chinese Cities
Abstract
:1. Introduction
2. Materials and Methods
2.1. Theoretical Basis of Housing Prices Researches
2.2. Study Area
2.3. Data and Variables
2.3.1. Urban Housing Prices
2.3.2. PM2.5 Pollution
2.3.3. Other Variables
2.4. Methodology
2.4.1. Quantile Regression
2.4.2. Geographically Weighted Quantile Regression
3. Results and Discussion
3.1. Distribution and Spatial Characteristics
3.2. Quantile Regression Results
3.3. Geographically Weighted Quantile Regression Results
3.4. Robustness Checks
4. Conclusions
- (1)
- The data distribution patterns of PM2.5 pollution and urban housing prices are similar across the three time series. However, the relationship between urban housing prices and PM2.5 pollution is asymmetric according to our data distribution, and a spatial non-stationary relationship between them may be found by visualizing their spatial characteristics.
- (2)
- Our results of OLS and QR regression models confirm the negative effects of PM2.5 pollution on urban housing prices. Moreover, these negative effects are stronger at higher quantiles, reflecting asymmetric effects between them. Further, the influences of PM2.5 pollution on housing prices increase in our time series. Meanwhile, the range of PM2.5 pollution impacts are expanding.
- (3)
- GWQR models can produce novel and original findings with more data on spatial variations in influences of PM2.5 pollution on urban housing prices. We find spatial relationships to be non-stationary at most quantiles in our three time series, revealing spatial heterogeneous effects of PM2.5 pollution on urban housing prices. In our time series, negative influences of PM2.5 pollution on urban housing prices expand nationwide overtime. Higher priced cities of eastern costal China are always negatively affected by PM2.5 pollution and remain stable in our time series. It should be noted that positive and negative correlations found between PM2.5 pollution and urban housing prices are stronger at higher quantiles.
5. Policy Implications and Future Perspectives
Author Contributions
Funding
Conflicts of Interest
Appendix A
Quantiles | Mean | Median | Min. | Max. | Negative (%) | IQR | Ste. | Status | Residuals | R2 |
---|---|---|---|---|---|---|---|---|---|---|
2013 | ||||||||||
5th | −0.2703 | −0.2706 | −0.6526 | 0.2190 | 263/286 | 0.2587 | 0.1007 | Non-stationary | 19.1201 | 0.5458 |
25th | −0.2061 | −0.2303 | −0.4822 | 0.3743 | 257/286 | 0.2282 | 0.0505 | Non-stationary | 12.5511 | 0.7018 |
50th | −0.2507 | −0.2359 | −0.4851 | 0.1890 | 279/286 | 0.1647 | 0.0353 | Non-stationary | 8.8104 | 0.7907 |
75th | −0.2806 | −0.2912 | −0.5291 | −0.1041 | 286/286 | 0.1123 | 0.0665 | Stationary | 11.7863 | 0.7200 |
95th | −0.3412 | −0.3807 | −0.5471 | 0.1001 | 278/286 | 0.1258 | 0.0997 | Stationary | 18.9354 | 0.5502 |
2009 | ||||||||||
5th | −0.2205 | −0.2487 | −0.5534 | 0.8631 | 266/286 | 0.1310 | 0.0670 | Stationary | 34.5803 | 0.3491 |
25th | −0.2303 | −0.2789 | −0.5886 | 2.1146 | 263/286 | 0.1376 | 0.0802 | Stationary | 23.9320 | 0.5495 |
50th | −0.1780 | −0.1988 | −1.6137 | 3.6359 | 256/286 | 0.2314 | 0.0721 | Non-stationary | 23.0096 | 0.5669 |
75th | −0.0844 | −0.0928 | −0.5858 | 0.4919 | 224/286 | 0.1351 | 0.0623 | Non-stationary | 19.3198 | 0.6363 |
95th | −0.1338 | −0.1046 | −1.7495 | 0.8277 | 220/286 | 0.2200 | 0.0915 | Non-stationary | 26.7136 | 0.4972 |
2005 | ||||||||||
5th | −0.0037 | −0.0276 | −0.6137 | 0.5110 | 156/286 | 0.2594 | 0.1082 | Non-stationary | 33.0169 | 0.3321 |
25th | −0.0684 | −0.0755 | −0.3471 | 0.2132 | 212/286 | 0.1544 | 0.0820 | Stationary | 16.6069 | 0.6641 |
50th | −0.0264 | −0.0291 | −0.2241 | 0.5743 | 195/286 | 0.1057 | 0.0636 | Stationary | 13.8040 | 0.7208 |
75th | −0.0903 | −0.1142 | −0.4126 | 0.7253 | 234/286 | 0.1341 | 0.0558 | Non-stationary | 17.3223 | 0.6496 |
95th | −0.1820 | −0.1651 | −1.4802 | 0.7696 | 213/286 | 0.3599 | 0.1358 | Non-stationary | 36.8610 | 0.2544 |
Quantiles | Mean | Median | Min. | Max. | Negative (%) | IQR | Ste. | Status | Residuals | R2 |
---|---|---|---|---|---|---|---|---|---|---|
2013 | ||||||||||
5th | −0.2842 | −0.2776 | −0.7071 | 1.3603 | 273/286 | 0.2849 | 0.1007 | Non-stationary | 20.3452 | 0.5167 |
25th | −0.2014 | −0.2118 | −0.7562 | 1.4173 | 264/286 | 0.2367 | 0.0505 | Non-stationary | 20.7411 | 0.5073 |
50th | −0.2376 | −0.2571 | −0.8474 | 1.6399 | 272/286 | 0.1572 | 0.0353 | Non-stationary | 15.0992 | 0.6413 |
75th | −0.2462 | −0.2612 | −0.6709 | 1.4310 | 265/286 | 0.1504 | 0.0665 | Non-stationary | 20.5737 | 0.5113 |
95th | −0.2953 | −0.3516 | −0.9676 | 0.6413 | 250/286 | 0.2111 | 0.0997 | Non-stationary | 34.4835 | 0.1808 |
2009 | ||||||||||
5th | −0.2159 | −0.2437 | −0.6651 | 2.2310 | 267/286 | 0.1225 | 0.0670 | Stationary | 32.8354 | 0.3819 |
25th | −0.2268 | −0.2778 | −0.5621 | 2.3344 | 262/286 | 0.1406 | 0.0802 | Stationary | 26.1222 | 0.5083 |
50th | −0.1714 | −0.1869 | −1.1915 | 3.6993 | 260/286 | 0.2083 | 0.0721 | Non-stationary | 31.2354 | 0.4120 |
75th | −0.0853 | −0.0991 | −0.6407 | 1.4393 | 224/286 | 0.1410 | 0.0623 | Non-stationary | 33.3338 | 0.3725 |
95th | −0.1338 | −0.1046 | −1.7495 | 0.8277 | 220/286 | 0.2200 | 0.0915 | Non-stationary | 32.5460 | 0.3874 |
2005 | ||||||||||
5th | −0.0395 | −0.0376 | −0.9698 | 0.5338 | 161/286 | 0.2396 | 0.1082 | Non-stationary | 39.3096 | 0.2048 |
25th | −0.0879 | −0.0807 | −0.8639 | 0.7156 | 208/286 | 0.1998 | 0.0820 | Non-stationary | 26.6307 | 0.4613 |
50th | −0.0557 | −0.0421 | −0.6537 | 1.3645 | 184/286 | 0.2326 | 0.0636 | Non-stationary | 13.4764 | 0.7274 |
75th | −0.0878 | −0.1031 | −0.7358 | 1.2812 | 221/286 | 0.1950 | 0.0558 | Non-stationary | 15.2975 | 0.6906 |
95th | −0.1842 | −0.1641 | −1.4403 | 0.7081 | 215/286 | 0.3815 | 0.1358 | Non-stationary | 44.1466 | 0.1070 |
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Variable Type | Variables (Abbreviation) | Variable Definition | Mean | Std. Deviation | Min. | Max. | n |
---|---|---|---|---|---|---|---|
Dependent variable | Housing prices (HP) | Average sale price of newly-built homes (RMB/m2) | 4977.537 | 2688.35 | 2435.897 | 24,401.97 | 286 |
Core independent variable | Particulate matter 2.5 pollution (PM2.5) | Fine particulate matter 2.5 concentrations (µg/m3) | 38.3048 | 17.7262 | 2.8446 | 86.4799 | 286 |
Other air pollution variables | SO2 pollution (SO2) | SO2 emissions (10 thousand tons) | 5.3650 | 5.7516 | 0.0003 | 49.4415 | 286 |
Soot pollution (Soot) | Soot emissions (10 thousand tons) | 4.3443 | 18.9197 | 0.0221 | 315.3822 | 286 | |
Demographic and socioeconomic variables | Population density (PDen) | Population density (persons/km2) | 433.1137 | 338.1286 | 5.71 | 2616.23 | 286 |
GDP per capita (PGDP) | GDP per capita (RMB) | 51,597.98 | 48,319.52 | 8407 | 467749 | 286 | |
Wage (Wage) | Annual wage per worker (RMB) | 44,869.77 | 9648.529 | 24,786.31 | 93,996.77 | 286 | |
Industry Structure (Ind_Str) | Ratio of tertiary industry to secondary industry | 0.7817 | 0.4069 | 0.2072 | 3.4431 | 286 | |
Urban public facilities variables | Buses_Per (PBu) | Number of buses (units/10 thousand persons) | 8.2688 | 7.3635 | 0.59 | 98.53 | 286 |
Books_Per (PBo) | Number of books (volumes/100 persons) | 58.7365 | 86.5789 | 1.74 | 920.77 | 286 | |
Doctor_Per (PDoc) | Number of Doctors (persons/10 thousand persons) | 21.3844 | 10.3089 | 2.1728 | 81.6763 | 286 | |
Road_Per (PRoad) | The areas of road (km2/person) | 13.9865 | 26.9049 | 1.04 | 442.95 | 286 | |
Internet(Int) | Number of households connecting Internet (10 thousand) | 73.0315 | 91.6900 | 5 | 766 | 286 | |
Teacher_Per (PTea) | Number of university teachers (persons/10 thousand people) | 10.0134 | 13.7198 | 0.0082 | 81.6855 | 286 |
Variables | OLS (1) | 5th (2) | 25th (3) | 50th (4) | 75th (5) | 95th (6) |
---|---|---|---|---|---|---|
PM2.5 | −0.1986 *** (0.0418) | −0.0359 (0.1007) | −0.1682 *** (0.0505) | −0.1983 *** (0.0353) | −0.2697 *** (0.0665) | −0.2480 ** (0.0997) |
SO2 | −0.0279 ** (0.0112) | −0.0258 (0.0178) | −0.0180 (0.0145) | −0.0231 (0.0140) | −0.0245 (0.0194) | −0.0207 (0.0265) |
Soot | −0.0245 ** (0.0120) | −0.0007 (0.0153) | −0.0245 (0.0169) | −0.0271 ** (0.0138) | −0.0304 * (0.0174) | −0.0341 (0.0293) |
PDen | 0.1585 *** (0.0244) | 0.0908 (0.0616) | 0.1666 *** (0.0261) | 0.1756 *** (0.0239) | 0.1594 *** (0.0363) | 0.1094 * (0.0557) |
PGDP | 0.0892 *** (0.0331) | 0.0795 (0.0727) | 0.0755 (0.0474) | 0.0693 (0.0523) | 0.1308** (0.0526) | 0.1362 * (0.0695) |
Wage | 0.6306 *** (0.0851) | 0.5162 *** (0.1074) | 0.6107 *** (0.1030) | 0.7236 *** (0.1149) | 0.7137 *** (0.1321) | 0.8288 *** (0.0957) |
Ind_Str | 0.1398 *** (0.0345) | 0.1268 ** (0.0518) | 0.1496 *** (0.0461) | 0.0822 * (0.0468) | 0.1185 ** (0.0482) | 0.1866 *** (0.0567) |
PBu | 0.0094 (0.0231) | −0.0099 (0.0380) | −0.0180 (0.0165) | 0.0234 (0.0263) | 0.0158 (0.0336) | −0.0102 (0.0396) |
PBo | 0.0588 *** (0.0204) | 0.0558 (0.0557) | 0.0766 *** (0.0286) | 0.0863 *** (0.0253) | 0.0372 (0.0235) | 0.0568 *** (0.0214) |
PDoc | −0.0159 (0.0344) | −0.0367 (0.0532) | −0.0282 (0.0433) | 0.0028 (0.0409) | −0.0405 (0.0575) | −0.0397 (0.0673) |
PRoad | −0.0291 (0.0327) | −0.0051 (0.0424) | −0.0298 (0.0336) | −0.0349 (0.0389) | −0.0196 (0.0439) | −0.0383 (0.0382) |
Int | 0.1349 *** (0.0230) | 0.1031 ** (0.0427) | 0.1255 *** (0.0241) | 0.1141 *** (0.0223) | 0.1295 ** (0.0281) | 0.1487 *** (0.0459) |
PTea | −0.0002 (0.0137) | 0.0350 (0.0364) | 0.0040 (0.0263) | −0.0218 (0.0135) | −0.0051 (0.0198) | 0.0245 (0.0206) |
Intercept | −0.0094 (0.8411) | 0.9769 (1.1835) | 0.1231 (1.0084) | −0.9638 (0.9627) | −0.8432 (1.1278) | −1.8423 (1.1440) |
R2 | 0.7899 | 0.3749 | 0.4459 | 0.5084 | 0.6016 | 0.7211 |
Variables | OLS (1) | 5th (2) | 25th (3) | 50th (4) | 75th (5) | 95th (6) |
---|---|---|---|---|---|---|
2005 | ||||||
PM2.5 | −0.0661 (0.0454) | 0.0226 (0.1082) | −0.0834 (0.0820) | −0.0270 (0.0636) | −0.1447 *** (0.0558) | −0.1705 (0.1358) |
R2 | 0.7571 | 0.3938 | 0.4325 | 0.5136 | 0.5777 | 0.6078 |
2009 | ||||||
PM2.5 | −0.1249 ** (0.0520) | −0.0534 (0.0670) | −0.0925 (0.0802) | −0.0751 (0.0721) | −0.1642 *** (0.0623) | −0.2571 *** (0.0915) |
R2 | 0.7538 | 0.4183 | 0.4323 | 0.5019 | 0.5665 | 0.6578 |
Quantiles | Mean | Median | Min. | Max. | Negative (%) | IQR | Ste. | Status | Residuals | R2 |
---|---|---|---|---|---|---|---|---|---|---|
2013 | ||||||||||
5th | −0.2625 | −0.2833 | −1.0190 | 1.1865 | 247/286 | 0.3093 | 0.1007 | Non-stationary | 30.7664 | 0.2691 |
25th | −0.1610 | −0.1962 | −1.0635 | 1.7825 | 243/286 | 0.2699 | 0.0505 | Non-stationary | 24.8881 | 0.4088 |
50th | −0.2375 | −0.2619 | −0.7544 | 1.3632 | 268/286 | 0.1537 | 0.0353 | Non-stationary | 14.8876 | 0.6463 |
75th | −0.2465 | −0.2662 | −0.6402 | 1.4088 | 265/286 | 0.1679 | 0.0665 | Non-stationary | 17.0657 | 0.5946 |
95th | −0.2932 | −0.3534 | −0.7210 | 0.6526 | 246/286 | 0.2167 | 0.0997 | Non-stationary | 28.4360 | 0.3245 |
2009 | ||||||||||
5th | −0.2272 | −0.2211 | −0.8249 | 1.7598 | 274/286 | 0.1076 | 0.0670 | Stationary | 34.9078 | 0.3429 |
25th | −0.2303 | −0.2789 | −0.5886 | 2.1146 | 263/286 | 0.1376 | 0.0802 | Stationary | 21.1357 | 0.6021 |
50th | −0.1780 | −0.1988 | −1.6137 | 3.6359 | 256/286 | 0.2314 | 0.0721 | Non-stationary | 19.6357 | 0.6304 |
75th | −0.0844 | −0.0928 | −0.5858 | 0.4919 | 224/286 | 0.1351 | 0.0623 | Non-stationary | 22.3391 | 0.5795 |
95th | −0.1338 | −0.1046 | −1.7495 | 0.8277 | 220/286 | 0.2200 | 0.0915 | Non-stationary | 28.3279 | 0.4668 |
2005 | ||||||||||
5th | −0.0313 | −0.0179 | −0.9725 | 0.5687 | 150/286 | 0.2276 | 0.1082 | Non-stationary | 39.3096 | 0.2048 |
25th | −0.0716 | −0.0841 | −0.6469 | 0.3168 | 200/286 | 0.1894 | 0.0820 | Non-stationary | 18.1943 | 0.6320 |
50th | −0.0241 | −0.0309 | −1.5339 | 0.8694 | 182/286 | 0.0982 | 0.0636 | Stationary | 16.9186 | 0.6578 |
75th | −0.1088 | −0.1260 | −1.8769 | 1.0960 | 247/286 | 0.1354 | 0.0558 | Non-stationary | 15.2975 | 0.6906 |
95th | −0.1820 | −0.1651 | −1.4802 | 0.7696 | 186/286 | 0.3599 | 0.1358 | Non-stationary | 40.8241 | 0.1742 |
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Sun, B.; Yang, S. Asymmetric and Spatial Non-Stationary Effects of Particulate Air Pollution on Urban Housing Prices in Chinese Cities. Int. J. Environ. Res. Public Health 2020, 17, 7443. https://doi.org/10.3390/ijerph17207443
Sun B, Yang S. Asymmetric and Spatial Non-Stationary Effects of Particulate Air Pollution on Urban Housing Prices in Chinese Cities. International Journal of Environmental Research and Public Health. 2020; 17(20):7443. https://doi.org/10.3390/ijerph17207443
Chicago/Turabian StyleSun, Biao, and Shan Yang. 2020. "Asymmetric and Spatial Non-Stationary Effects of Particulate Air Pollution on Urban Housing Prices in Chinese Cities" International Journal of Environmental Research and Public Health 17, no. 20: 7443. https://doi.org/10.3390/ijerph17207443