The Economic Explanation Behind the Skyscraper Race
Posted: 27 Jun 2019
Date Written: June 25, 2019
Since the twenty-first century, China has led the world in the number and height of skyscraper construction. Facing the increasingly fierce skyscrapers competition, researchers give different explanations from the perspectives of urban planning, architecture, culturology and so on. Through literature review and summary, the paper explains the motivation and mechanism behind the competition from four economic perspectives of land rent and land price, business cycle, game theory as well as capital flow, to provide reference for the reasonable and orderly construction of skyscraper.
JEL Classification: skyscrapers; land rent; business cycle; game theory; city competition
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