Research on the Relationship Between the Scale of China's Real Estate Industry Development and the Total National Economy: Based on the "Inverted U-Curve" Period of Real Estate Development in China

Author: Liang Rong
Publisher:
Publish Date: 2005-09-01
Features: How to make the real estate industry develop in line with the national economy and achieve benign interaction is not only an important practical issue but also a new theoretical academic problem. Dr. Liang Rong's monograph explores this issue in a valuable way. Based on an analysis of the general relationship between the real estate industry and the national economy, the book first discusses the theory of dominant industry evolution (including the theory of economic growth stages) and the "inverted U-curve" hypothesis of real estate and their relationship. It argues that the "inverted U-curve" reflects and describes the law, namely the "long-term trend" of the relationship between the scale of real estate industry development and the total national economy in a specific period. The book focuses on the quantitative model of the real estate "inverted U-curve," draws valuable conclusions, and uses this as a basis to conduct a thorough empirical analysis of the development of China's real estate industry. Based on the empirical conclusions and theoretical analysis, the book provides corresponding policy recommendations. Finally, it summarizes the entire book and offers some prospects for future research.