Notice of RetractionEmpirical analysis on the relationship between the values of real estate industry and the values of tertiary industry in China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The purposes of this paper are to probe into the relationship between the values of real estate industry and the values of tertiary industry in China, and provide reference for scientifically drawing up the policy and strategy of the real estate industry development. Methods employed include econometrics and empirical analysis. The results show that according to the data from 1978 to 2008 and concluded by the regressive model analysis, under the circumstances of without considering other factors, the values of tertiary industry will increase 0.77762 billion RMB yuan when the values of real estate industry increases 0.1 billion RMB yuan. It is concluded that the real estate industry is one of the important factors concerning to the national economy growth, and that the government shall put emphases on long-term objectives, ensure housing demands as starting point and choose cautious and appropriate intervention to avoid real estate market changing radically for seeking the real estate market running healthily and smoothly.