Research On The Industrial Linkage Effect Of The Real Estate Investment In The Western Resource-based Cities

In the fast development of western resources-based cities, the local real estate industry rose rapidly with the support of adequate funding. Then it came to the phenomena of overheated investment and excessive development.While some of the cities are facing the bottleneck sustainable development, the problems of real estate industry are highlighted and become the focus of the cities. The real estate industry has a wide linkage effect, the research on the real estate industry of the resource-based cities can’t be done without the special industrial structure background of the cities.Firstly, this paper analyzes and summarizes the theoretical basis of the research and makes the brief statement based on collecting and sorting out the related Chinese and foreign literature on the linkage effect of real estate industry. Then, it starts from the industrial structure, real estate developmentrule, characteristics and the current status,analyzes the industrial structure of the resource-based cities and the development plight of the real estate industry. Secondly, frequency analysis method it used to choose research index.Combines with the characteristics of the cities, chooses the 12 industries related to real estate industry as the thesis research index among 20 industries in national economy. Through the Grey relational analysis model that can be used in the dynamic study, the correlation degree ranking of real estate industry of resource-based cities and the each related industry investment can be calculated. With the result of grey relational analysis, Granger causality is used to test, the industries have the causal relationship with real estate industry is concluded, further the driving coefficient of real estate industry investment growth to the related industries is obtained. When the investment grows 1%, it will bring the growth rate of0.292943% to housing and food industries and 0.310575% to the industries of rental and business service. The research of this paper shows that it has a certain practical guidance meaning to propose rational policies to adjust the development of related industries brought by real estate investment and improve the development of real estate industry.Through this paper,it makes the western resource-based citiesconsidering the industrial linkage of real estate in the real estate industry and related industrial adjustment, and promote the coordinated development of various industries.