Abstract

Input and output models application in analyzing the real estate macroeconomic efficiency in China

Author(s): Li Wang

Real estate is a crucial sector with a crucial role in promoting national economy’s development because of its close connection with other sectors of national economy and its high contributed value for economic growth. So macro-controlling regulations made for real estate’s long-term development should be suitable and efficient. The quantitative measurement of factors pushing real estate’s rapid growth and industry’s related effect can help people make a scientific analysis of real estate. Based on basic information about China’s real estate, we have measured in detail the industry’s related effect and analyzed real estate’s influence on economic expansion and employment, combining with industry’s dynamic development since 1997. In spite of analyzing real estate’s macroeconomic efficiency, this paper also provide some suggestions for regulating real estate to restraint its irregular development, promoting national economy’s development.