ON THE IMPACT OF REAL ESTATE PRICES ON THE DEVELOPMENT OF REGIONAL ECONOMY IN CHINA–AN ESTIMATION BASED ON PANEL QUANTILE REGRESSION MODEL

Baili Zhang, Yadong Ma, Mengyue Yin and Zhengxun Li
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Baili Zhang: Anhui Jiaokong Information Industry Co., LTD, Hefei, Anhui 230088,China
Yadong Ma: Academician Workstation of Tangshan Ruichi Technology Co., Ltd, Tangshan, Hebei 063299，China
Mengyue Yin: School of Economics and Management, Beijing Information Science and Technology University, Beijing 100192, China
Zhengxun Li: School of Economics and Management, Beijing Information Science and Technology University, Beijing 100192, China

Malaysian E Commerce Journal (MECJ), 2021, vol. 5, issue 2, 51-54

Abstract: The paper analyzes the mechanism of real estate prices on economic development with panel quantile regression model. It is found that real estate prices can significantly promote economic development. Generally speaking, the contribution of real estate prices to economic development in regions with higher level of economic development is higher than that in regions with lower level. With the continuous improvement of the quantile, the impact of real estate prices has generally increased gradually, and the impact of urbanization level basically shows the law of diminishing marginal effect.

Keywords: Real Estate Prices; Economic Development; Panel Quantile Regression Model. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:zib:zbmecj:v:5:y:2021:i:1:p:51-54

DOI: 10.26480/mecj.02.2021.51.54

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