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The Impact of Real Estate Investment on Economic Growth: Empirical Studies from 31 Chinese Provinces (2006–2016)

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Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate (CRIOCM 2019)

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Abstract

It's of great significance for social development to explore the true impact of real estate investment on economic growth. This paper selects the data of real estate investment, other investment, consumption and exports in 31 provinces (municipalities and autonomous regions) from 2006 to 2016 for empirical analysis. It uses the unit root test and co-integration test to establish a panel data model and obtain a linear regression equation. The research results indicate that real estate investment can promote economic growth, but the promotion is not great. Specifically, the impact factors of China's real estate investment, other investment, consumption and exports on economic growth are: 0.065, 0.089, 0.641 and 0.042, respectively. The impact on economic growth is positive, and the impact effects are significant.

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Author information

Authors and Affiliations

  1. Department of Construction Management, Sichuan Agricultural University, Ya’an, China

    Xinping Wen, Shuang Lei, Yanming Lv & Bingni Liao

Authors
  1. Xinping Wen
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  2. Shuang Lei
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  3. Yanming Lv
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  4. Bingni Liao
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Corresponding author

Correspondence to Yanming Lv .

Editor information

Editors and Affiliations

  1. School of Management Science and Real Estate, Chongqing University, Chongqing, Chong Qing, China

    Gui Ye

  2. School of Management, Guangzhou University, Guangzhou, Guangdong, China

    Hongping Yuan

  3. School of Architecture and Built Environment, University of Adelaide, Adelaide, SA, Australia

    Jian Zuo

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Wen, X., Lei, S., Lv, Y., Liao, B. (2021). The Impact of Real Estate Investment on Economic Growth: Empirical Studies from 31 Chinese Provinces (2006–2016). In: Ye, G., Yuan, H., Zuo, J. (eds) Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate. CRIOCM 2019. Springer, Singapore. https://doi.org/10.1007/978-981-15-8892-1_45

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