International Conference on Construction and Real Estate Management 2019
The Correlation Effect and Ripple Effect of Real Estate Industry: An Empirical Analysis on the Input-Output Table of Heilongjiang
Publication: ICCREM 2019: Innovative Construction Project Management and Construction Industrialization
ABSTRACT
The role of the real estate industry occupies in the national economy is an empirical topic to be answered. Based on the input-output data of Heilongjiang Province in 2012, this paper calculates the correlation effect and ripple effect of the real estate industry. The results show that the development of the real estate industry in Heilongjiang Province has the characteristics of extensive growth driven by material investment. The low quality of its development is manifested by its strong backward correlation effect with the raw material consumption industry and its strong forward correlation effect with industry-oriented service. The influence coefficient and sensitivity coefficient of the real estate industry in Heilongjiang Province are less than the average level of the whole country, and its economic impact is not obvious. Therefore, the real estate industry in Heilongjiang Province should not be developed as the pillar industry, improving the quality of real estate services will be the focus of future policy-making.
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ACKNOWLEDGMENTS
Foundation item: supported by Heilongjiang Province Social Science Funks(18JYB153).
REFERENCES
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Information & Authors
Information
Published In
ICCREM 2019: Innovative Construction Project Management and Construction Industrialization
Pages: 766 - 772
Editors: Yaowu Wang, Ph.D., Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., University of Alberta, and Geoffrey Q. P. Shen, Ph.D., Hong Kong Polytechnic University
ISBN (Online): 978-0-7844-8230-8
Copyright
© 2019 American Society of Civil Engineers.
History
Published online: Aug 29, 2019
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