Granger causality analysis of real estate investment and county economic growth ——Empirical study based on counties in Jiujiang City
Abstract
important impact on the country’s overall economy. Real estate investment, as an important factor in promoting county economic growth,
has attracted much attention in recent years. However, over-reliance on real estate investment may bring risks such as resource mismatch and
economic bubbles. This paper explores the causal relationship between real estate investment and county economic growth by using the economic data of Jiujiang counties and districts from 2018 to 2022, using the Granger causality test model. It is found that real estate investment
has a significant positive causality on GDP at lag 1, indicating that it has an important role in promoting economic growth in the short term.
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DOI: http://dx.doi.org/10.18686/fm.v9i6.13667
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