Spatial Characteristics Of Economic Growth Effect Of House Price

China has a wide geographic span and provinces economic relations show complicated situation that cooperate and compete with each other.Therefore,a variety of spatial characteristics of economic effect exists generally and the spatial characteristics contain spatial correlation and spatial heterogeneity.This paper argues that,real estate economy affects economic growth greatly,so it will also exist unique spatial characteristics.Spatial correlation research verifies "spillover effect" or "competition effect" exists.The prosperity of local real estate economy may promote the adjacent areas economic growth,but also may hinder the economic growth of surrounding provinces by attracting economic resources.Spatial heterogeneity research verifies geographical location and economic environment of each province is different.For example,there are huge differences in three zoning features,human capital,tax burden,urbanization level,factors,population density and so on.Based on Spatial Autoregression Model(SAR),Spatial Error Model(SEM),Spatial Durbin Model(SDM),threshold regression and different areas regression,the article research the influence of house prices on economic growth from the perspective of spatial correlation and spatial heterogeneity.The result shows that: the increase in house prices affect the economic growth positively,but it shows a significant spatial competition effect on economic growth for neighboring provinces.The spatial heterogeneity analysis shows in eastern and central provinces(except individual provinces),human capital and population density weaken the economic growth effect of house prices.In western regions and a few central provinces,population and labor force has a significant positive impact on macro economic variables.In addition,when the urbanization reaches a certain level,the investment and consumption tax will increase inevitably,and the ability of government to provide public services will be stronger,thus the economic growth effect of house prices will be more obvious.