An Empirical Analysis Of The Interaction Between Regional Economic Development And Real Estate Price

The degree of regional economic development is a key factor to measure the level of social and economic development in a certain area.As an important leading industry to promote regional economic development,the real estate has made significant contributions to increasing regional GDP,increasing labor employment,increasing residents ’disposable income,and improving living environment,and stimulating all-round social consumption and other aspects,while regional economic development also has a huge impact on the development of the real estate industry.Based on a thorough understanding and analysis of relevant theories,the government ’s administrative counties are taken as the region to thoroughly explore the factors that influence the regional economy and real estate prices,analyze the development trend of the regional economy and real estate prices and the influence of the factors,According to this,effective suggestions are made to promote the healthy development of the regional economy and real estate industry,and maintain a virtuous cycle of regional economic development and housing prices.This article firstly explains the regional economy and real estate from a theoretical perspective,and secondly systematically sorts out the regional economy and real estate status from a macro perspective,and selects the data from Wenxi County of Shanxi Province from2000 to 2017,using the coupling model and vector error correction model Modeling the macroeconomic system and real estate system indicators of Wenxi County,it is concluded that the regional economic system and the real estate system have a strong coupling relationship,and the degree of coordination between the two systems will eventually show the law of alternating cycles,there is a long-term coordinated development relationship between regional economic indicators and real estate prices,and there is a causal relationship between regional GDP and real estate prices,and then a micro-questionnaire is designed,using qualitative and quantitative,combined macro and micro methods to systematically conclude that due to the current regional economic overcapacity,The imperfect structure and the gap between local residents’ income level and real estate price level have led to the conclusion that the regional economy and real estate prices do not match and real estate prices and people’s income are not equal.Finally,combined with the empirical results,we put forward suggestions based on the actual situation in order to ensure that Wenxi County’s regional economy and real estate can develop in a coordinated manner and keep real estate prices running smoothly and orderly.