Chongqing Real Estate Investment And Economic Growth Empirical Study

Since 1990's,especially with the change of the distribution system of housing in China, which is from a welfare distribution to a monetary and commercial distribution, the real-estate industry in our country has made rapidly progress. The r al-estate industry is one of the pillar industries of national economy. industry may promote economic growth and bring about Many facts abroad demonstrate that the ordered development of the real-estate large wealth to the country. At the current economic situation, there is increasing macro-control of a series of principles and policies and measures to control the real estate market under the reform of deepening housing system, the real estate market continue to improve the system, sustained and rapid development of housing construction, the level and quality of housing for urban residents increased steadily. On the other hand, After real estate investment in the city stimulating the prosperity of local produce, a number of questions has arised from the increasingly prominent, high growth real estate investment, with the same period the level of socio-economic growth, levels of income do not match, Commodity prices have continued to move up the housing sales, land transactions price index has continued to rise, some of the city over the case of real estate investment has also been very serious, real estate investment and economic growth has been non-conforming development industry become a reality.In this paper, the author make a basic describe to knowledge of the real estate, the macro-economic analysis of the behavior of economic factors on real estate, and then macro-analyzed the economic contribution to economic growth. based on Chongqing real estate economy, this article from the perspective of empirical economic analysis of the real estate contribution to economic growth and at the same time related to the use of comparative analysis, and this region is similar to the relationship between the horizontal comparison, the results more accurate grasp of the current real estate market, the focus of regulation, it is more appropriate for the formation of regional Practical conclusions. Based on the above conclusions of the analysis, the paper concludes with some policy recommendations. Real estate development, investment and economic growth between the long-run equilibrium relations, on economic growth have a long history of promoting the role of real estate development and investment on economic growth and higher efficiency of the overall driving; real estate development investment in the promotion of economic growth role is limited conditions, when the country when appropriate macroeconomic policies, the growth rate of real estate investment and the coordination of economic growth, investment in real estate development on economic growth there is a great role in promoting the contrary, the opposite is true, there is impediment. Excessive investment in real estate development, because of crowding-out effect is not conducive to the healthy development of the national economy: economic growth is investment in real estate development has led to the role of economic growth and real estate investment is a mutually reinforcing interplay of variables, not only the Housing real estate investment on economic growth has a great role, but, with economic growth, its real estate investment will also have a big role in the cause. From the real estate investment and economic growth causality test can be seen that in the longer term, the real estate investment growth are the causes of national economic development; scale investment in real estate development must maintain a certain growth rate, the rate of economic growth must be coordinated to maintain unanimously. Real estate investment and economic growth is the relationship between the interaction and mutual promotion of the relationship is too small or too large scale real estate investments are not conducive to the healthy development of the national economy, therefore, must maintain a certain scale of the real estate investment and development speed, must control the size of real estate investment and development speed, bring it into line with the national economy to maintain consistent growth.