中文摘要：

房价过快上涨会对整个社会经济带来全方位的影响。学术界和政府决策者虽然都已经认识到了房价上涨对生产性投资、企业创新、企业家行为和企业融资的影响,但对房价上涨与企业出口之间的内在关联却没有加以足够重视。那么,房价上涨与企业出口表现之间的关系又如何呢？文章利用35个大中城市的出口企业数据,运用Heckman两阶段模型估计房价上涨对企业出口表现的影响。结果发现：（1）房价上涨增加了企业出口数量,但不利于出口产品种类的增加、技术复杂度的提升以及出口市场的拓展,总体上降低了企业出口金额;（2）房价上涨对不同类型企业具有异质性影响,其对中小企业、民营企业和加工贸易企业的负面影响更为突出;（3）房价上涨影响企业出口的内在机制是,房价上涨通过影响企业用工成本、融资约束、研发投入和劳动力流动性挤压了企业的出口能量。文章为我们更加全面地认识房价上涨的社会影响提供了启示,也为政府应对当下的企业出口困境提供了借鉴。

英文摘要：

Too fast rise in housing prices will bring a wide range of impacts on the entire society and economy.Although academia and government policy makers have recognized the impact of the rise in housing prices on productive investment,corporate innovation,entrepreneur behavior and corporate finance,the relationship between the rise in housing prices and enterprise export has not been drawn enough attention.And what is the relationship between the rise in housing prices and the export performance of enterprises？Based on the data of export enterprises in 35 large and medium-sized cities,this paper uses Heckman two-stage model to estimate the effect of the rise in housing prices on export performance of enterprises.It comes to the results as follows：firstly,the rise in housing prices increases the export quantity,but hinders the increase in export product categories,the improvement of export technical complexity and the expansion of export markets;and in general,the rise in housing prices leads to the reduction in the amount of enterprise export;secondly,the rise in housing prices has different heterogeneity effects on different types of enterprises,and has more prominent negative effect on small and medium-sized manufacturing,private and processing trade enterprises;thirdly,the internal mechanism concerning the effect of the rise in housing prices is embodied in the squeeze of export energy mainly through labor costs,financing constraints,RD and labor mobility.This paper provides not only the enlightenment of a more comprehensive understanding of the social impact of the rise in housing prices,but also the reference about how to deal with current enterprise export dilemma for governments.