Abstract
The growth of total retail sales of consumer goods in a region is subject to various factors. Theoretically, housing price is one of the influential factors, but empirical study shows that the influence is uncertain in different cities. By reference to relevant literature, this paper provides the co-integration analysis and the Granger causality test of the relationship between housing price volatility and the growth of retail sales of consumer goods in Hangzhou City based on the monthly statistical data of the city from March 2005 to October 2009. The results show that, in the long term, housing price growth will drive and have a substantial impact on the growth of retail sales of consumer goods.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
