By using recursive estimation in cointegrated VAR model, we analyze the relationship between real estate financial structure and growth of real estate economy in China.
本文运用VAR模型协整关系的递归估计方法，对我国房地产金融结构和房地产经济增长的关联性进行了分析。
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Results of the study reveal that the nominal and real exchange rates bear a long run relationship (cointegrated), while the error correction results confirm short-run deviations in the relationship.