Research on the Impact of Real Estate Investment on Economic Growth in Anhui Province

Yang Xu

《Frontiers in Economics and Management》 2卷4期 (2021/04) Pp. 9-14

https://doi.org/10.6981/FEM.202104_2(4).0002

摘要

As an important part of China's fixed asset investment,real estate investment plays an indispensable role in China's national economic growth. This paper analyzes the development status of real estate investment and economic growth in Anhui Province from 2010to 2019. Both of them maintain a stable and good growth in the past ten years, and have a strong positive correlation. This paper uses linear regression model to empirically test the data from 2010to 2019, and accurately calculates the promotion effect of real estate investment on economic growth. Every 100million yuan of real estate investment can increase the GDP of 53549 million yuan. In addition, combined with the current situation of Anhui's economic development, this paper explores the impact mechanism of real estate investment on economic growth. Although real estate investment has positive effects on promoting investment, promoting the development of related industries and providing employment,it also has obvious crowding out effect, real estate investment bubble inhibition and market risk. In view of these problems, this paper puts forward some policy suggestions, such as balancing the development of real estate industry and strengthening market supervision, in order to better play the role of real estate investment in promoting economic growth.

關鍵字

Real Estate Investment ； Economic Growth ； Linear Regression ； Influence Mechanism

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