关键词: 协整 , 　误差修正模型 , 　挤出效应

Abstract: Cointegration model and error correction model were developed based on the economic theory of consumption. The relation between urban consumption level and prices of commercial property were inspected in Liaoning Province. The study results show that the urban consumption level is promoted by the prices of commercial property in the long run and the short-term effect is the inhibition of consumption level due to "squeeze effect". The government should safeguard the healthy development of estate market and promote the rapid stable growth of economic with Liaoning Province by the way of improving the individual disposable income and suppressing house price firmly.

Key words: Cointegration , Error correction model , Squeeze effect