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The Industrial Linkages of the Real Estate Industry and Its Impact on the Economy Caused by the COVID-19 Pandemic

In: Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Xiaoli Shi

    (Jimei University)

  • Qianju Cheng

    (Jimei University)

  • Menghan Xia

    (Renmin University of China)

Abstract

In Jan 2020, the COVID-19 pandemic appeared and the economies around the world have been affected to different degrees. The real estate industry is influencing the overall trend of the macro-economy due to its important industrial linkages with other sectors. This paper aims to analyze the recently published data of China’s input–output table in 2017 to find out the quantitative relationship between the real estate industry and other industrial sectors through classic Leontief and Ghoshian methods and also uses the hypothetical extraction method to further examine the industrial importance of the real estate industry from the perspective of total output. Finally, according to relevant data of the real estate industry in the first quarter of 2020, this paper estimates the associated losses of economic output.

Suggested Citation

  • Xiaoli Shi & Qianju Cheng & Menghan Xia, 2021. "The Industrial Linkages of the Real Estate Industry and Its Impact on the Economy Caused by the COVID-19 Pandemic," Springer Books, in: Xinhai Lu & Zuo Zhang & Weisheng Lu & Yi Peng (ed.), Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate, pages 1015-1028, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-3587-8_67
    DOI: 10.1007/978-981-16-3587-8_67
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