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Comparison of multifactor productivity indicators for real estate sectors using the OECD input-output database

Liu, Chunlu and Song, Yu 2004, Comparison of multifactor productivity indicators for real estate sectors using the OECD input-output database, Pacific rim property research journal, vol. 10, no. 4, pp. 487-508.

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Title Comparison of multifactor productivity indicators for real estate sectors using the OECD input-output database
Author(s) Liu, Chunlu
Song, Yu
Journal name Pacific rim property research journal
Volume number 10
Issue number 4
Start page 487
End page 508
Publisher Pacific Rim Real Estate Society
Place of publication Sydney, NSW
Publication date 2004-12
ISSN 1444-5921
Keyword(s) real estate sector
OECD input-output database
multifactor productivity
international comparisons
Summary "Research on the international comparison of productivity has gained significant interest throughout several previous decades. Relatively little work has however been done in the real estate sector. This paper aims to develop a new productivity measurement framework for the international comparison of the real estate sector based on the newly-published OECD input-output database. Three multifactor productivity indicators are formulated using the ratio of the sectoral final demand to value added, the intermediate output to intermediate input and the total output to total input effect respectively in the input-output table. Historical analyses and comparisons are also carried out to indicate the differences of productivities of the real estate sectors in seven selected countries. Findings can improve the understanding of how technological, organisational and policy influences combine to affect productivity growth and aid the policy makers, real estate agencies and researchers in evaluating the competitive ability of the real estate sector."
Notes Reproduced with the specific permission of the copyright owner.
Language eng
Field of Research 150403 Real Estate and Valuation Services
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2004, Pacific Rim Real Estate Society
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002821

Document type: Journal Article
Collections: School of Architecture and Built Environment
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