Analysis on the Relationship between GDP and Construction Based on the Data of UK and China
When probing into the relationship of real growth between construction and national economy, this paper finds that the value and growth rate of construction and GDP are highly related, and the situation in China is similar to UK, which is dependent on the nature of construction and its high investment multiplier.However, in China Construction and economy grow faster, and their correlation coefficient is higher than which in UK.The Catch-up Effect and Bons Curve can explain the former question, and construction administration and industrial policy in China can explain, to some extent, the later question.It is useful to understand the law of construction development for the promotion of construction economy steadily.
Construction National Economy GDP China UK
JIANG Qifa
Economics & Management School Wuhan University Wuhan,Hubei,P.R.C. 430072;International Business School Yunnan University of Finance and Economics Kunming,Yunnan,P.R.C.;650221
国际会议
南京
英文
1296-1299
2013-06-08(万方平台首次上网日期,不代表论文的发表时间)