Econometric Analysis on Development of Construction Industry in Zhanjiang
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Yanli Xu, Zenglong Qu, H. Eugene Stanley, Humin Zhang
H. Eugene Stanley
In order to discuss influence factors for the development of Zhanjiang construction industry, this essay adopts the regression analysis method to conduct an empirical analysis to the construction industry data of Zhanjiang City during 2003-2013. The result indicates that main factors affecting the construction industry gross output in Zhanjiang include local housing construction area, local consumer price and local average annual pay. Therefore, the gross output of construction industry in Zhanjiang can be affected by regulating the above-mentioned three factors.
Construction Industry, Least Square Method, Econometrics, Zhanjiang