An Empirical Analysis of Real Estate Residential Investment and Economic Growth - Taking qShanxi Provinceq as an Example
Yucong Ye, Huangjin Liu
Abstract
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Yucong Ye, Huangjin Liu
Abstract
Open-access reader
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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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