Real Estate Economic Development Based on Logarithmic Growth Function Model
15 lip 2022
O artykule
Data publikacji: 15 lip 2022
Zakres stron: 475 - 482
Otrzymano: 26 sty 2022
Przyjęty: 18 mar 2022
DOI: https://doi.org/10.2478/amns.2022.2.0031
Słowa kluczowe
© 2023 Nan Ma, published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
This article uses a logarithmic growth model to analyze the correlation between the national economy and real estate. It reveals the Granger causality between the national economy and the real estate economy. The results show a long-term equilibrium relationship and a two-way Granger causality between real estate prices and economic growth. Excessive growth in real estate prices will create bubbles and will also drive economic growth backward.