2017Unpublished venueOpen access

An Empirical Analysis of Real Estate Residential Investment and Economic Growth - Taking qShanxi Provinceq as an Example

Yucong Ye, Huangjin Liu

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Abstract

This paper take Shanxi Province as an example using unit root test, cointegration test and Granger causality test to analyze the real estate investment and economic growth in Shanxi province.It is found that the real estate investment and economic growth in Shanxi Province are balanced in the long run, and there is a one -way Grange causality.It means that the economic growth in Shanxi Province can significantly promote the growth of real estate residential investment, but it can not lead the local economic growth.

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What this paper is about

This paper take Shanxi Province as an example using unit root test, cointegration test and Granger causality test to analyze the real estate investment and economic growth in Shanxi province.It is found that the real estate investment and economic growth in Shanxi Province are balanced in the long run, and there is a one -way Grange causality.It means that the economic growth in Shanxi Province can significantly promote the growth of real estate residential investment, but it can not lead the local economic growth.

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Available abstract

This paper take Shanxi Province as an example using unit root test, cointegration test and Granger causality test to analyze the real estate investment and economic growth in Shanxi province.It is found that the real estate investment and economic growth in Shanxi Province are balanced in the long run, and there is a one -way Grange causality.It means that the economic growth in Shanxi Province can significantly promote the growth of real estate residential investment, but it can not lead the local economic growth.

Key concepts: Investment (military), Residential real estate, Real estate, Economics, Computer science, Business, Finance, Political science

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