The Mechanism and Empirical Test of the Impact of Real Estate Supply Structure Optimization on Economic Growth:Based on the Intermediary Effect of Innovation Output
The optimization of real estate supply structure can promote urban economic development by innovation output.The index system for the supply structure of urban real estate is established based on the supply side,the optimization of the development of the real estate supply structure are measured by the coupling coordination degree mode.The general equilibrium model including the final product production department,intermediate product production department,innovation department and household department is constructed to reveal the impact mechanism of the optimization of the real estate supply structure on economic growth.In empirical research,the effect of optimization of real estate supply structure on economic growth under the intermediary effect of innovation output is tested by using the stock data of the real estate supply structure of 34 metropolitan central cities in China from 2008 to 2016.The results show that there is a positive intermediary effect of innovation output between the real estate supply structure and economic growth,and the effect of the optimization degree of real estate supply structure on economic growth is unobvious in the eastern cities,but that is obvious in the middle and western cities.Finally,suggestions on coordinated development of real estate structure are proposed.
real estate supply structure optimizationinnovation outputeconomic growthmediation effect
NETL
NSTL
万方数据
