Comparing linkages of real estate and construction by the consideration of the impact of capital
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Interim status: Citation only.
Song, Y., Liu, C., & Langston, C. (2006). Comparing linkages of real estate and construction of the impact of capital. Paper presented at the Australasian Universities Building Educators Association (AUBEA) Conference, University of Technology, Sydney.
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© Copyright UTS, 2006
Abstract
Based on the recently published Organisation for Economic Co-operation and Development (OECD) input-output database at constant prices, this research proposes a new model to compare the linkages of the construction and real estate sectors in national economies with the consideration of the impact of capital. Empirical results indicate that the linkages are extremely underestimated in previous research. The backward and forward linkages of the real estate sector are smaller than those of the construction sector, which means in economic development, construction plays a more important role than real estate, given the impact of capital. More importantly, the findings prove that the linkages from a standard input-output model have been largely underestimated. The findings can aid governments and businesses making relevant policies and strategies.
Suggested Citation
Yu Song, Chunlu Liu, and Craig Langston. "Comparing linkages of real estate and construction by the consideration of the impact of capital" Australasian Universities Building Educators Association (AUBEA) Conference. Sydney, NSW, Australia. Jul. 2006.
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