TY  - JOUR
AU  - Zheng,Siqi
AU  - Kahn,Matthew E.
AU  - Liu,Hongyu
TI  - Towards a System of Open Cities in China: Home Prices, FDI Flows and Air Quality in 35 Major Cities
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 14751
PY  - 2009
Y2  - February 2009
UR  - http://www.nber.org/papers/w14751
L1  - http://www.nber.org/papers/w14751.pdf
N1  - Author contact info:
Siqi Zheng
Institute of Real Estate Studies
Department of Construction Management
Tsinghua University
Beijing 100084, P. R. China
Tel: 8610-62772734
Fax: 8610-62788678
E-Mail: zhengsiqi@tsinghua.edu.cn

Matthew E. Kahn
UCLA Institute of the Environment
Department of Economics
Department of Public Policy
Box 951496
La Kretz Hall, Suite 300
Los Angeles, CA 90095-1496
Tel: 310/794-4904
Fax: 310/825-9663
E-Mail: mkahn@ioe.ucla.edu

Hongyu Liu
Institute of Real Estate Studies
He Shanheng Building
Tsinghua University
Beijing, 100084
P. R. China
Tel: +8610-62795115
Fax: +8610-62788678
E-Mail: liuhy@tsinghua.edu.cn
AB  - Over the last thirty years, China's major cities have experienced significant income and population growth. Much of this growth has been fueled by urban production spurred by world demand. Using a unique cross-city panel data set, we test several hypotheses concerning the relationship between home prices, wages, foreign direct investment and ambient air pollution across major Chinese cities. Home prices are lower in cities with higher ambient pollution levels.  Cities featuring higher per-capita FDI flows have lower pollution levels.
ER  -