Analysis On The Efficiency Of Real Estate Investment In Anhui Province Under The Supply Side Reform

In twenty-first Century,the real estate industry has become a key factor affecting China's economic growth and social stability.Compared with the developed coastal cities,the real estate market in Anhui province started late,the mar4ket level is not high,the overall level of development lags behind the national average of[1].When a nationwide real estate launched a large-scale investment,Anhui does not have any movement;when the real estate investment has become saturated,real estate investment in Anhui province was officially starting[2];At present,the real estate investment in Anhui province is also subject to the impact of macroeconomic regulation and control,resulting in cyclical fluctuations,but the regional development is extremely uneven,a large number of commercial housing and housing idle.With the increasing competition and put forward the idea of "supply side reforms",the Anhui real estate industry is also facing structural adjustment,reducing inventory problems,thus to improve the efficiency of investment in the real estate industry,for the whole industry healthy and stable development,has important practical significance.Firstly,this paper combs the relevant theories and literatures about the efficiency of real estate investment,and determines the SBM super efficiency model as the main model to measure the efficiency of real estate investment in Anhui Province.We selected the 30 provinces and autonomous regions in China and Anhui province 16 input-output data of cities,the real estate industry,using super efficiency SBM DEA compared with other provinces of Anhui province in 2015 the real estate industry comprehensive technical efficiency,scale efficiency and pure technical efficiency and ranking,is that Anhui is the real estate investment though in the stage of increasing scale,but the overall level is low efficiency,pure technical efficiency is not high is the key factor limiting the efficiency of investment in the real estate industry in our province.Then using the panel data of 2005?2015 static analysis of the efficiency for 11 years in 16 cities in Anhui Province,and compared with the northern areas of Wanjiang City belt,by using the Malmquist index method calculated the total factor productivity of Anhui Province real estate industry relative production dynamic changes in efficiency.Finally,on the basis of the analysis,combined with the factors that affect the efficiency of real estate investment,this paper uses the panel regression model to analyze the factors affecting the efficiency of Anhui Province,and puts forward some suggestions to improve the efficiency of real estate investment.