Research On The Relationship Between Upgrading Of An Industrial Structure Industrial Structure Urban-rural Income Gap And Real Estate Price

Over the past 40 years of reform and opening up,China has made great achievements in economic development.With the continuous optimization and upgrading of the industrial structure,the income and living standard of urban and rural residents have been greatly improved,but at the same time,some structural contradictions have emerged.The report to the 19th national congress of the communist party of China(CPC)pointed out that "socialism with Chinese characteristics has entered a new era.Among them,income distribution and industrial structure are two structural problems worthy of special attention.On the other hand,the excessively high housing price involves all aspects of economic life.Housing price is also an economic variable related to the upgrading of industrial structure and the income of urban and rural residents,forming a good interactive relationship with the upgrading of industrial structure and the urban-rural income gap.This paper puts the three into a system for analysis,which can more accurately and comprehensively grasp the rules and mechanisms,and provide some value for China's current supply-side structural reform and new urbanization construction.Therefore,this paper has a strong theoretical and practical significance for the empirical interaction between industrial structure upgrading,urban-rural income gap and real estate prices.Firstly,this paper collects and reads a large number of documents to theoretically explore the relationship between industrial structure upgrading,urban-rural income gap and real estate price.Through the research and discussion on the three aspects at home and abroad,this paper summarizes the connotation,index system and interaction among the three aspects of industrial structure upgrading,urban-rural income gap and housing price level at home and abroad,which not only makes qualitative analysis for the three aspects,but also makes theoretical preparation for the follow-up empirical part.Then,the PAVR model was established to distinguish the direction and degree of each factor's mutual influence,and to judge the contradictions and problems contained in the relations among the three factors.At the same time,considering that there may be obvious regional differences in the correlation among the three regions,we divided the data into national,eastern,central and western regions for research at different levels.According to the analysis of impulse response function and variance analysis results in PVAR model,from the perspective of the whole country,there is a positive relationship between the real estate price and the upgrading of industrial structure.The rise of real estate prices will further widen the urban-rural income gap,but the urban-rural income gap will restrain the rise of real estate prices.Meanwhile,the widening urban-rural income gap will also restrain the upgrading of industrial structure,which will further lead to the widening of urban-rural income gap.Analysis of the eastern region:industrial structure,urban-rural income gap and real estate price are all positive to each other.Analysis of the central region:the upgrading of industrial structure and urban-rural income gap will restrain the rise of real estate prices,while the rise of real estate prices will promote the upgrading of industrial structure and narrow the urban-rural income gap.There is no balance between urban-rural income gap and industrial structure upgrading during the pulse period.According to the model,the contribution of urban-rural income gap to industrial structure upgrading in the central region is not obvious.Analysis of the western region:the widening urban-rural income gap is not conducive to the upgrading of industrial structure but also to the suppression of the rise of real estate prices.The rise of real estate prices will promote the upgrading of industrial structure and also increase the urban-rural income gap.The upgrading of industrial structure will promote the rise of real estate prices and further increase the urban-rural income gap.Then the dynamic GMM model is used to quantify how the industrial structure upgrading and urban-rural income gap affect the real estate price in China.In addition,real estate market supply,real estate market demand,real estate construction cost,per capital GDP and urbanization rate are introduced as control variables to analyze the empirical analysis from different perspectives in China,east and westThe results show that the real estate price is influenced by its own inertia obviously,and the eastern region with developed economy is more influenced by the inertia of housing price.Both the upgrading of industrial structure and the urban-rural income gap have an effect on the real estate price.The upgrading of industrial structure will promote the rise of real estate price in the whole country and the eastern region,while restrain the real estate price in the central and western regions.Both the real estate supply market and the real estate demand market are in line with the market law to restrain and promote the real estate price respectively.Real estate construction costs and per capital GDP also have a positive effect on real estate prices.Finally,according to the research conclusion,put forward the corresponding policy.