International Conference on Construction and Real Estate Management 2020
The Mechanism of Industrial Upgrading to Reduce the Dependence of Economy on Real Estate
Publication: ICCREM 2020: Intelligent Construction and Sustainable Buildings
ABSTRACT
The real estate industry has made great contributions to regional economic growth. However, when the economy is too dependent on real estate, it will make the economic structure unbalanced and hinder the healthy and healthy development of the economy. Experience shows that the change of industrial structure will change the dependence of the economy on real estate. Therefore, the industrial structure “equilibrium” and “upgrade” are selected as the proxy variables of industrial structure change, and the real estate industry’s proportion of GDP is chosen as the economic dependence on real estate investment. The proxy variable, using the panel data of 35 large and medium-sized cities for measurement analysis, shows that the industrial structure change has a significant impact on reducing the dependence of the economy on real estate, but the impact has obvious stage characteristics. When the industrial structure is simple and the growth rate of the real estate industry is fast, the industrial upgrading has a significant effect on reducing the dependence on real estate. However, when the industry diversifies and the real estate industry grows into a steady state, the industrial upgrading will increase the dependence of the regional economy on the real estate industry. More attention should be paid to the equalization of industrial structure.
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Information & Authors
Information
Published In
ICCREM 2020: Intelligent Construction and Sustainable Buildings
Pages: 775 - 780
Editors: Yaowu Wang, Ph.D., Harbin Institute of Technology, Thomas Olofsson, Ph.D., Luleå University of Technology, and Geoffrey Q. P. Shen, Ph.D., Hong Kong Polytechnic University
ISBN (Online): 978-0-7844-8323-7
Copyright
© 2020 American Society of Civil Engineers.
History
Published online: Oct 14, 2020
Published in print: Oct 14, 2020
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