An Empirical Analysis of Real Estate Residential Investment and Economic Growth - Taking 'Shanxi Province' as an Example

摘要

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.