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Empirical Research on the Impact of Real Estate on Economic Development
School of Mathematics and Statistics, Qinghai Nationalities University, Xining, China
- 1 School of Mathematics and Statistics, Qinghai Nationalities University, Xining, China
Journal of Mathematical Finance·Volume 11 (2021)·Pages 246–254·Published 1 March 2021·DOI10.4236/jmf.2021.112014
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Abstract
Real estate development investment has a significant impact on economic development. Based on data from 17 prefecture-level cities and prefectures in Hubei Province from 2002 to 2018, the relationship between real estate development investment and economic growth is analyzed with the help of panel data models. The study found that there is a long-term equilibrium relationship between the two, and there are regional differences in the impact of real estate development investment on economic growth in Hubei Province. Among them, Wuhan has the largest impact and Shennongjia forest area has the smallest impact. The impact of real estate development investment on economic growth depends on the level of regional economic development.
KeywordsReal EstateEconomic GrowthPanel Data Model
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