Economic analyses on multinational real estate and construction sectors
Song, Yu, Liu, Chunlu and Langston, Craig 2004, Economic analyses on multinational real estate and construction sectors, in AUBEA 2004 : Higher education shaping the built environment : proceedings of the 29th Australasian Universities' Building Educators Association Annual Conference, [AUBEA], [Newcastle, N.S.W.], pp. 303-320.
Both the construction and real estate sectors have been considered vital productive drivers for the economic development of a nation. Multinational economic analyses on these two sectors over a long period enable a better comprehension of their effects and interrelationships. Based on the recently published Organisation for Economic Co-operation and Development (OECD) input-output database at constant prices, this paper compares the real estate and construction sectors of six countries in terms of their shares in gross national product and gross national income. The push and pull effects of these two sectors onto the whole economy are further determined using forward and backward linkage indicators respectively. In addition, the interactions between themselves are formulated in terms of direct and total input parameters. This research provides a numerical approach to examine the economic influences and sectorial correlation of the real estate and construction sectors.
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Field of Research
120201 Building Construction Management and Project Planning
Socio Economic Objective
970112 Expanding Knowledge in Built Environment and Design
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