房地产开发投资对经济增长影响的实证研究
An Empirical Study on the Impact of Real Estate Development Investment on Economic Growth
摘要: 本文基于2001~2020年31个省际面板数据,运用多元线性回归模型和LSDV法研究了房地产开发投资与经济增长两者之间的关系。研究发现:1) 从总体层面来看,房地产投资对经济增长的影响是呈正相关的关系,但其影响程度对比非房地产投资以及社会消费总额小;2) 房地产投资对经济增长的影响具有突出的地方差异性,其中东部地区是显著的促进作用,中部、西部和东北地区却为反向抑制作用。对此,应该依据地区合理有效地发挥房地产投资对经济增长影响的促进作用,用高质量的房地产投资推动高质量的经济发展,转变房地产投资观念,以政府为引领实行精细化高质量发展政策,合理控制房地产投资规模。
Abstract: Based on 31 provincial panel data from 2001 to 2020, this paper uses multiple linear regression model and LSDV method to study the relationship between real estate development investment and economic growth. The study found: 1) From an overall perspective, the impact of real estate investment on economic growth is positively correlated, but its impact is smaller than that of nonreal estate investment and total social consumption; 2) The impact of real estate investment on economic growth has prominent local differences, in which the eastern region is a significant promoting effect, while the central, western and northeastern regions have a reverse inhibitory effect. In this regard, we should rationally and effectively play the role of real estate investment in promoting economic growth according to the region, use high-quality real estate investment to promote high-quality economic development, change the concept of real estate investment, and implement refined and high-quality development policies led by the government. Reasonably control the scale of real estate investment.
文章引用:魏东云. 房地产开发投资对经济增长影响的实证研究[J]. 可持续发展, 2022, 12(2): 321-328. https://doi.org/10.12677/SD.2022.122035

参考文献

[1] Bates, L.J., Giaccotto, C. and Santerre, R.E. (2015) Is the Real Estate Sector more Responsive to Economy-wide or Housing Market Conditions? An Exploratory Analysis. The Journal of Real Estate Finance and Economics, 51, 541-554. [Google Scholar] [CrossRef
[2] Aizenman, J., Jinjarak, Y. and Zheng, H. (2019) Housing Bubbles, Economic Growth, and Institutions. Open Economies Review, 30, 655-674. [Google Scholar] [CrossRef
[3] Chang, T. and Nieh, C.C. (2004) A Note on Testing the Causal Link between Construction Activity and Economic Growth in Taiwan. Journal of Asian Economics, 15, 591-598. [Google Scholar] [CrossRef
[4] Woo, J. and Kumar, M.S. (2010) Public Debt and Growth. IMF Working Papers, Vol. 2010, International Monetary Fund, Washington DC, 9-13. [Google Scholar] [CrossRef
[5] Wigren, R. and Wilhelmsson, M. (2007) Construction Invest-ments and Economic Growth in Western Europe. Journal of Policy Modeling, 29, 439-451. [Google Scholar] [CrossRef
[6] Barkham, R. (2012) Real Estate and Recessions. In: Barkham, R., Ed., Real Estate and Globalisation, John Wiley & Sons, Inc., Hoboken, 67-91. [Google Scholar] [CrossRef
[7] Coulson, N.E., Kim, M.S. (2000) Residential Investment, Non-Residential Investment and GDP. Real Estate Economics, 28, 233-247. [Google Scholar] [CrossRef
[8] Harris, R. and Arku, G. (2006) Housing and Economic Develop-ment: The Evolution of an Idea since 1945. Habitat International, 30, 1007-1017. [Google Scholar] [CrossRef
[9] 陆桂贤, 许承明. 房地产投资挤出了制造业投资吗?——基于外部融资视角[J]. 学海, 2017(4): 109-114.
[10] 张屹山, 孟宪春, 李天宇. 房地产投资对经济增长的空间效应分析[J]. 西安交通大学学报(社会科学版), 2018, 38(1): 12-18.
[11] 李江涛, 褚磊, 纪建悦. 房地产投资与工业全要素生产率[J]. 山东大学学报(哲学社会科学版), 2018(5): 131-139.
[12] 蔡昉. 出清无效产能, 实现增长动能转换[J]. 新金融, 2018(6): 4-9
[13] 王业辉. 房地产投资调控与GDP稳态增长相关性实证分析[J]. 宏观经济研究, 2019(3): 47-58.
[14] 况伟大. 房地产投资、房地产信贷与中国经济增长[J]. 经济理论与经济管理, 2011(1): 59-68.
[15] 刘皖青. 新经济态势下经济增长对房地产投资依赖度的变化分析——基于2000-2018数据的格兰杰因果关系检验[J]. 企业经济, 2019, 38(11): 149-155.