Research on the Influence of Real Estate Investment on Economic Growth in Beijing
By the end of 1980s, reforms of the land system and urban housing system had begun. With the rapid growth of the real estate investment, the relationship between economic growth and real estate investment is attracting more and more peoples attention. In this paper, two indexs - real estate development investment and per capita GDP stand for the level of Beijings real estate investment and economic growth. By adopting the root stationary test, cointegration test and error modification model, this article analyzes the real estate investments influence on Beijings economic growth. All of the data are between 1986-2009. The conclusion shows that real estate investment plays an important and positive role in the economic growth in Beijing. In addition, the influence chiefly embodies in a short-term.
Real Estate Investment Economic Growth Stationary Test Cointegration Test Error Modification Model
LIU Zhe
School of Economics and Management, Beijing University of Technology, P.R.China, 102214
国际会议
烟台
英文
150-154
2011-08-06（万方平台首次上网日期，不代表论文的发表时间）