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Economic indicator comparisons of international real estate sectors using the OECD input-output database

Liu, Chunlu, Song, Yu and Langston, Craig 2005, Economic indicator comparisons of international real estate sectors using the OECD input-output database, The international journal of construction management, vol. 5, no. 1, pp. 59-75.

Document type: Journal Article
Collections: School of Architecture and Built Environment
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Title Economic indicator comparisons of international real estate sectors using the OECD input-output database
Author(s) Liu, Chunlu
Song, Yu
Langston, Craig
Journal name The international journal of construction management
Volume number 5
Issue number 1
Start page 59
End page 75
Total pages 17 p.
Publisher Chinese Research Institute of Construction Management
Place of publication Hong Kong
Publication date 2005
ISSN 1562-3599
Keyword(s) economic indicator
input-output analysis
national economy
OECD
real estate sector
Summary With its growing share in national economies, the real estate sector has been considered a vital contributor of economic development. Research efforts are needed in order to gain a better comprehension of the national specificities of the real estate sector and to identify its role in economic development. Due to limited comparable data, the economic indicators of real estate sectors are hard to compare between different countries. This paper aims to explore the quantitative interdependence amongst the real estate sector and other industries in developed economies using input-output analysis, and to investigate their significant linkages. Based on the recently published Organisation for Economic Co-operation and Development (OECD) input-output database at constant prices, the analysis focuses on the real estate's escalating role in terms ofshares in gross output, value added and gross national product. With emphasis on the relative role of manufacturing, construction and services inputs, this paper also highlights the strengths of the push and pull of the real estate sector.
Language eng
Field of Research 120299 Building not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2005, Chinese Research Institute of Construction Management
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002982
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