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Sustainability 2017, 9(8), 1445; doi:10.3390/su9081445

Spatiotemporal Agglomeration of Real-Estate Industry in Guangzhou, China

1
College of Economics, Jinan University, 601 Huangpu Avenue West, Guangzhou 510632, China
2
Department of Geosciences, Georgia State University, 24 Peachtree Center Avenue SE, Atlanta, GA 30303, USA
*
Author to whom correspondence should be addressed.
Received: 4 June 2017 / Revised: 3 August 2017 / Accepted: 11 August 2017 / Published: 16 August 2017
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

Real estate development is critical to healthy economic growth and regional development. Using real-estate data in Guangzhou, China from the 1970s to 2015, we examined the spatiotemporal agglomeration and evolution of Guangzhou’s real estate industry with spatial and spatiotemporal techniques. This study shows that real estate businesses were initially agglomerated in the city center with socioeconomic advantages, and later spread into suburbs as new growth foundations. We also found that different business types, depending on their functions, evolved and agglomerated in different time periods. The findings provide valuable support to the formulation of effective government policy and the management of real estate enterprises in China. View Full-Text
Keywords: enterprise cluster; spatial evolution; spatiotemporal agglomeration; real estate industry enterprise cluster; spatial evolution; spatiotemporal agglomeration; real estate industry
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Wang, P.; Lin, X.; Dai, D. Spatiotemporal Agglomeration of Real-Estate Industry in Guangzhou, China. Sustainability 2017, 9, 1445.

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