Research on Relationship Between the Real Estate Prices and Technological Innovation Through Human Capital in China

This article mainly researches on the direct and indirect path of impact of the real estate prices on technological innovation through human capital. Then we build the theoretical impact model of the real estate prices on technological innovation through human capital utilizing the Cobb Douglas production function. Finally, we select panel data of 30 provincial administrative regions in China in 2006–2016 and use the fixed effect model to empirically test the impact of real estate prices directly and indirectly on technological innovation through human capital. This research shows: the real estate prices significantly inhibit the technological innovation directly and indirectly through human capital, based on which this article gives several suggestions on the real estate policy, the city and the industrial structure, the quality of human capital and the cities highly relying on importation.