The Impact of Real Estate Investment on Economic Growth: Based on Evidence from Non-Linear Threshold Panel Regression Models in ChinaChinese Full Text
NONG Huifu;CHEN Jie;
Abstract: This paper presents an empirical model to investigate whether and how real estate investment affects the economic growth under the classical theory of economic growth in China. The non-linear panel threshold regression（PTR） model, which is employed in this paper, describes the share of real estate investment in GDP and the ratio of real estate investment in fixed investment as threshold variables rather than as an explanation variable directly. Based on a Chinese city-level panel from 2000 to 20... More
- Series：
(C) Architecture/ Energy/ Traffic/ Electromechanics, etc; (J) Economics ＆ Management
- Subject：
Macro-economic Management and Sustainable Development; Economic Reform; Investment
- Classification Code：
F124;F299.23
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