Study Of The Contribution Of The Real Estate Industry To The Economic Growth Of Beijing

After summarizing the existing literature, this thesis is based on theory of industrycorrelation, input-output production theory, multiplier effect and leading industry theory,mainly through two parts to analyze the contribution that the real estate make to theBeijing economic growth concretely: the direct and the indirect. Using growth in valuecalculation method to calculate the direct rate; According to input-output model, correctthe effect that the real estate make on all the industries by the direct contribution that thoseindustries make on the economic growth, and then calculate the indirect contribution rateof the real estate make to economic growth. Finally, lead to the result that totalcontribution to GDP rate is30.29%between the2001-2011years. Meanwhile, analyze theinteraction relationship between the real estate and economic growth in Beijing by theeconometrics tools. After that, we can understand the relationship between real estate itselfand economic growth in economic aggregate, and the relationship in internal economicstructure through the impact which real estate has on related industries.In the opinion of the thesis, there is a long-term equilibrium relationship between thereal estate and economic growth in Beijing, and not only the real estate has a directcontribution to Beijing economy, but also has an indirect contribution through forwardconnection and backward connection effect, and the indirect contribution rate is greaterthan the direct contribution rate. According to the leading industry theory, Beijing realestate is in accordance with the Rostow criteria. So this paper believes that the real estate isthe leading industry in the economic growth of Beijing city. In the end, as the importanteconomic growth point and play a role in optimizing the industrial structure, give someadvice about coordinate development of real estate and economy in long-term.