A Granger Cause Test Applied to Studying Relativity between Housing Price Index and Nation's Macro Economy

摘要

Based on quarter data, we test the Co-integrated relation of China's Real Estate Price Index and Macro Influencing Factors. I find that the Macro Economy and the RE market have the same trend. The conclusion that they influence each other comes from the test of Granger cause test. The result above is very useful to making policy for government.