The Regional Study Of Beijing Real Estate Investment And Economic Growth

In the 1990 ' s,we all know that China was under the planned economy system.The real estate was the housing distribution system and leading by the government.At that time,our country's real estate market has not yet formed a certain scale,the real estate investment has not formed certain industrial chain.In the early nineties,with the transformation of the planned economy system to the market economy system,the real estate market gradually awakening,housing monetization become the mainstream of the real estate market development.Due to the open country controls on the real estate market,in the market economy,the real estate market of Beijing development rapidly.As the national economy,culture and political center,the Beijing real estate investment potential is tremendous,attracted a lot of real estate developers to real estate.Under the profit-driven capital,the Beijing real estate investment scale was gradually expanding.Early in 2000,the Beijing real estate investment market has begun to form scale,the system of the real estate market also became perfect.From the initial to 20 years of development,the Beijing real estate investment has become the significant part of regional economic development,real estate investment on Beijing' s regional economic growth should not be ignored.This paper focuses on the real estate investment in Beijing,according to the scale of real estate investment,from the view of microscopic point,analyze the influence of different real estate investment scale on its economic growth.First of all,We analyze the current situation of real estate investment in Beijing,and discusse the existing problems.At the same time,obtain the influencing factors,and then the relationship between real estate investment and economic growth is analyzed and compared through the comparison of real estate investment status in different regions of Beijing.Secondly,according to the selected scale index,the panel data of 16 administrative regions in Beijing are classified into software,we divide them into three categories,which are higher,medium and lower in real estate investment.Combined with the model to introduce variables,unit root test,cointegration test,Hausmann test,finally determine the form of the model and data regression,through the regression results,explore the impact of different real estate investment scale on economic growth.Finally,according to the level and characteristics of real estate investment in different areas of Beijing,combined with the results of regression,give the government some reasonable and effective suggestions.The conclusion of this paper is that there is a long-term and stable relationship between real estate investment and economic growth in Beijing.The real estate of different regions have different effects on economic growth.The higher the scale of real estate investment,the greater the effect of real estate investment on economic growth.