Scholarlink

<p>This paper examines the economic impact of Chinese skyscrapers using a spatial difference-in-differences methodology. By analyzing grid-cell-level panel data on firm registrations, we identify a significant agglomeration effect, with skyscrapers attracting new firms. This effect is large in magnitude, with the number of firms within 1&#xa0;km of a skyscraper increasing by 7.4-12.6% following its completion. However, this effect is localized and diminishes with distance, leveling off beyond 1&#xa0;km. Our findings suggest that the primary mechanism driving this agglomeration is knowledge spillovers among skill-intensive firms within the same industry, facilitated by leading firms in the skyscraper. The paper also explores the heterogeneous economic impacts of skyscrapers, providing policy insights into optimizing the location choices for skyscrapers and the methods of government support.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

The Economic Impacts of Vertical Development: Evidence from Chinese Skyscrapers

  • 期刊论文

  • 发表日期：

    2025年7月21日

查看全文
  • Qiao Wang,
  • Songlin Li,
  • Ziyang Chen

摘要

This paper examines the economic impact of Chinese skyscrapers using a spatial difference-in-differences methodology. By analyzing grid-cell-level panel data on firm registrations, we identify a significant agglomeration effect, with skyscrapers attracting new firms. This effect is large in magnitude, with the number of firms within 1 km of a skyscraper increasing by 7.4-12.6% following its completion. However, this effect is localized and diminishes with distance, leveling off beyond 1 km. Our findings suggest that the primary mechanism driving this agglomeration is knowledge spillovers among skill-intensive firms within the same industry, facilitated by leading firms in the skyscraper. The paper also explores the heterogeneous economic impacts of skyscrapers, providing policy insights into optimizing the location choices for skyscrapers and the methods of government support.