Study on the Correlation Between Urbanization and Economic Development, Real Estate Market in Xi’an

Donglang Yang (), Tianzhe Li () and Yiqi Li ()
Additional contact information
Donglang Yang: Xi’an Jiaotong University
Tianzhe Li: Xi’an Jiaotong University
Yiqi Li: Xi’an Jiaotong University

Chapter Chapter 40 in Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, 2015, pp 483-494 from Springer

Abstract: Abstract This paper is based on the urbanization, economic development and real estate market data in Xi’an city using the analysis model of Econometrics includes entropy, stability testing, Johansen Cointegration and Granger causality test to explore the interactions and relationships among economic development, urbanization and the real estate market. The results show that: the level of economic development, urbanization and the development of the real estate market since 2001 in Xi’an have steadily improved overall; there is a long-term equilibrium relationship among the economic development, urbanization and the real estate market; In the 5 % level of significance, for each Granger causality between economic development and urbanization; Urbanization is the Granger cause of the real estate market development, but lack empirical support for the inverse relationship; Economic development is not the Granger cause of the real estate market development, but also the development of the real estate market is not the Granger cause of the economic development. Based on the results of this study, this paper presents the corresponding policy suggestions.

Keywords: Urbanization; Economic development; Real estate market; Granger test (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-46994-1_40

Ordering information: This item can be ordered from
http://www.springer.com/9783662469941

DOI: 10.1007/978-3-662-46994-1_40

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().