Correlation Research Between Shanghai Real-estare Industry And Regional Economies

Shanghai, as the largest city of China, whose development of the real estateindustry is being concerned by community highly. In recent years, the rapiddevelopment of real estate industry has brought outstanding contribution for itseconomic. While, with the rapid development, if the governments polices is notreasonable, which will seriously affect the regions overall economic development.Therefore, how to grasp the law between real estate industry and the regionaleconomic became one of the important contents in academic research. First of all,this thesis combs and studies the theory between the real estate industry andregional economies. On this basis, the thesis has recalled the history about thedevelopment of real estate industry in Shanghai, and has analyzed the currentsituation of real estate industry further. As the result, we found that the ratiobetween house price than income has been becoming imbalance, investment hasbeen replying on bank loans excessively, and there is excessive speculation in theproperty market.In response to these problems, according to the disciplines such asindustrial economics, regional economics, statistic, I had researched Shanghais realestate industry and its Shanghai regional economic relations, with Granger causalitytest, multiple linear regression, I found there was a Granger causality between theregional economy and the real estate, that is the real estate industry and regionaleconomic have an interaction; But the leading role for real estate putting to theregional economy was more than that the regional putting to real estate. As thesame time, I had analyzed the industrial correlation between the real estate industryin Shanghai City and their related industries with grey comprehensive evaluation model, and summarized the relationship between real estate development andcloser industry, which is the production and supply about electricity, heat, gas andwater industry; financial sector; manufacturing; construction industry and leasingand business services, which will provide important reference for formulating therelevant policies. Finally in terms of theoretical and empirical research on Shanghaireal estate and on the basis of comments, the author put forward some referencesuggestions about the coordinated development between the regional economy andreal estate.