An empirical analysis of the relationship between real estate investment and economic growth in Shenyang

Abstract

This paper based on the platform of Eviews 6.0, in the view of the relationship between real estate investment and economic growth in Shenyang using the methods of the cointegration theory, Granger causality test, and error correction model to study empirically the relationship between them. The empirically study result show that, in the long term, there exist the causal relationship, that is the real estate investment growth of Shenyang has significant effect on GDP growth, which can play a good role innuendo and prediction. © 2014 Springer-Verlag Berlin Heidelberg.