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An input-output approach for measuring real estate sector linkages
This research aims to measure and compare the total, backward, forward, internal and sectoral linkages of the real estate sector using the hypothetical extraction method over 30 years and explore the role of this sector in national economies and the quantitative interdependence between the real estate sector and the remaining sectors from a new angle. Empirical results show an increasing trend of these linkages, which confirms the increasing role of the real estate sector with economic maturity over the examined period. On the other hand, the significant rank correlations in the linkages imply that the importance of real estate remained fairly stable among highly developed economies over the examined period. This may supply a tool to signal the maturity of an entire economy. Furthermore, the findings can aid both governments making relative policies and businesses choosing strategic partners and location strategies.
History
Journal
Journal of property researchVolume
24Issue
1Pagination
71 - 91Publisher
RoutledgeLocation
Abingdon, EnglandPublisher DOI
ISSN
0959-9916eISSN
1466-4453Language
engNotes
Online Publication Date: 01 March 2007Publication classification
C1 Refereed article in a scholarly journalCopyright notice
2007, Taylor & FrancisUsage metrics
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