Title :
The Contribution of Real Estate Investment to Shandong´s Economic Growth
Author_Institution :
Sch. of Econ. & Manage., Weifang Univ., Weifang, China
Abstract :
This paper, based on Shandong´s quarterly time series data from the first quarter of 2002 to the second quarter of 2008 and applying methods of VAR model, impulse response function and variance decomposition, makes an empirical analysis of the contribution of real estate investment to Shandong´s GDP. It is shown from the results of the empirical analysis that real estate investment can drive the growth of regional economy with great efficiency. GDP has the problem of self-accumulation and self-reliance. For a long period, the contribution of real estate investment to GDP gradually increases.
Keywords :
autoregressive processes; economic indicators; time series; GDP; VAR model; economic growth; impulse response function; quarterly time series data; real estate investment; variance decomposition; Analysis of variance; Cause effect analysis; Chaos; Economic indicators; Fluctuations; Government; Industrial relations; Investments; Reactive power; Time series analysis;
Conference_Titel :
e-Business and Information System Security (EBISS), 2010 2nd International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5893-6
Electronic_ISBN :
978-1-4244-5895-0
DOI :
10.1109/EBISS.2010.5473550
