Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)

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Empirical Study on the Relationship between Real Estate Investment and Economic Growth in Hainan Province

Authors
Lingxue Yi
Corresponding Author
Lingxue Yi
Available Online February 2019.
DOI
10.2991/ssmi-18.2019.127How to use a DOI?
Keywords
Real estate investment; Economic growth; Hainan; Econometric model.
Abstract

As an important part of fixed assets investment, real estate investment plays an important role in the process of stimulating economic growth. Taking the time series data of real estate investment and economic growth from 2005 to 2015 in Hainan Province as the sample of statistical analysis, this paper comprehensively applies unit root test and cointegration test. The relationship between real estate investment and economic growth in Hainan Province is discussed by establishing error correction model and Granger relation test. The results show that:(1) The relationship between real estate investment and economic growth in Hainan Province is a long-term dynamic equilibrium. (2) The fluctuation of economic growth in Hainan Province can be divided into two parts: short-term fluctuation and long-term equilibrium. (3) The real estate investment in Hainan Province can be divided into two parts: one is short-term fluctuation and the other is long-term equilibrium. And economic growth between the one-way causality. That is, the growth of real estate investment is the cause of economic growth, economic growth does not necessarily lead to the growth of real estate investment.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
February 2019
ISBN
978-94-6252-667-9
ISSN
2352-5428
DOI
10.2991/ssmi-18.2019.127How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Lingxue Yi
PY  - 2019/02
DA  - 2019/02
TI  - Empirical Study on the Relationship between Real Estate Investment and Economic Growth in Hainan Province
BT  - Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)
PB  - Atlantis Press
SP  - 757
EP  - 761
SN  - 2352-5428
UR  - https://doi.org/10.2991/ssmi-18.2019.127
DO  - 10.2991/ssmi-18.2019.127
ID  - Yi2019/02
ER  -