Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221474
Title: CORRUPTION AND SKYSCRAPERS IN MAJOR WORLD CITIES
Authors: WANG JIAXUAN
Keywords: Real Estate
Li Qiang
RE
2019-2020 RE
Issue Date: 20-May-2020
Citation: WANG JIAXUAN (2020-05-20). CORRUPTION AND SKYSCRAPERS IN MAJOR WORLD CITIES. ScholarBank@NUS Repository.
Abstract: Skyscrapers are inevitable in urban design solutions to increasing population and globalization, and tall building industry develops with the general economic advancement of a city. Being as part of public capital, skyscrapers are greatly affected by public governance of a city. Corruption as a consideration of governance, has potential impact on skyscraper industry. This paper examines skyscraper construction under the impact of corruption among government in major global cities. By using a sample of 47 cities during the time span from 2012 to 2018, this paper applies fixed effects model and random effects model to run regression for a panel data on the relationship between corruption and skyscraper completions. The results reveal that corruption alone is an inverted U-shape function of total skyscraper completions and heights on city level. However, when considering the whole public governance for real estate, higher corruption induces more skyscrapers to rise, while low country risk and more transparent market encourage skyscraper projects. In regard to individual high-profile skyscrapers, this paper finds that building a significant skyscraper in an international city not only cater to the urban growth and economic development of a city, but also help advertise local influence and strength. These findings will intrigue a new perspective in studying skyscraper construction activities in world cities.
URI: https://scholarbank.nus.edu.sg/handle/10635/221474
Appears in Collections:Bachelor's Theses

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