Resumen de Real Estate Economic Development Based on Logarithmic Growth FunctionModel

Nan Ma

• This article uses a logarithmic growth model to analyze the correlation between the national economy and real estate. It reveals the Granger causality between the national economy and the real estate economy. The results show a long-term equilibrium relationship and a two-way Granger causality between real estate prices andeconomic growth. Excessive growth in real estate prices will create bubbles and will also drive economic growthbackward