The evidence suggests urbanization in China is the Granger causality of price of real estate, and remarkable positive co-integration between the two variables in the long term, but the speed of adjusting short run departure to long-run equilibrium is slow
The evidence suggests urbanization in China is the Granger causality of price of real estate, and remarkable positive co-integration between the two variables in the long term, but the speed of adjusting short run departure to long-run equilibrium is slow
实证研究发现，中国城市化水平的提高是中国房地产价格上升的原因；中国的房地产价格与中国城市化水平之间存在一种长期稳定的正向变动关系；短期来看，均衡关系由短期偏离向长期均衡调整的速度较慢。