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Comparing Linkages Of Real Estate And Construction By The Consideration Of The Impact Of Capital, Yu Song, Chunlu Liu, Craig Langston

Craig Langston

Based on the recently published Organisation for Economic Co-operation and Development (OECD) input-output database at constant prices, this research proposes a new model to compare the linkages of the construction and real estate sectors in national economies with the consideration of the impact of capital. Empirical results indicate that the linkages are extremely underestimated in previous research. The backward and forward linkages of the real estate sector are smaller than those of the construction sector, which means in economic development, construction plays a more important role than real estate, given the impact of capital. More importantly, the findings prove that …