Financial Development, Real Estate Investment and Economic Growth

Li, Sheng-Guo; Xu, Xiao-Yue; Qihang, Liu; Dong, Zhi; Dong, Jin

doi:10.1080/00036846.2022.2154313

Cited by 5 publications

(3 citation statements)

References 30 publications

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“…The real estate market is a globally significant industry that moves large volumes of capital annually, being highly dependent of the financial sector [39]. There are two main methods of investment in this market: direct investment through the purchase and direct management of properties, and indirect investment through funds or Real Estate Investment Trusts (REITs).…”

Section: Real Estate Investmentmentioning

confidence: 99%

“…One may argue that this type of funding of real estate deals may even increase the percentage of asset-liability ratio, given the broader number of potential investors, which increases the capital pool available. In its turn, this decrease in the ratio may be beneficial to decrease the risk of real estate companies and funds, preventing an excessive flow of credit [39]. To the broader economy, this decrease in the asset-liability ratio may be a stabilizing factor for the market.…”

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confidence: 99%

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Social and Financial Sustainability of Real Estate Investment: Evaluating Public Perceptions towards Blockchain Technology

2023

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Real estate markets play a crucial role in the economy, providing opportunities for investment and housing. However, there are several challenges in both direct and indirect investment mechanisms affecting its social and financial sustainability. These challenges include high costs, lengthy processes, limited transparency, and restricted investor control. Additionally, the dominance of large investors in the market intensifies these issues, creating barriers to smaller investors. This raises concerns around social inequality and sustainability among small investors, that represent, in number, the largest share of investors. Blockchain technology has emerged as a possible solution to address these issues in the real estate sector, with the potential to improve its long term social and financial sustainability. Features such as smart contracts and tokenization can enhance efficiency, transparency, security, and accessibility in property transactions. In the case of smart contracts, these enable self-executing and automated agreements, and tokenization allows for fractional ownership and increased liquidity. To assess the knowledge and perceptions of professionals in the real estate sector and evaluate the possible impact of the technology in the market, a survey-based methodology was followed. It targeted individuals actively involved in the industry, including professionals from real estate investment companies and real estate agencies. The data revealed that most professionals in the Portuguese real estate market have little to no knowledge about blockchain technology. Yet, those who possess knowledge recognize the potential benefits it can bring to the industry. This lack of awareness can be attributed to the relatively recent emergence of blockchain and its limited discussion within the real estate sector.

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Section: Real Estate Investmentmentioning

confidence: 99%

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confidence: 99%

Social and Financial Sustainability of Real Estate Investment: Evaluating Public Perceptions towards Blockchain Technology

2023

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“…The current views held by domestic scholars on the relationship between real estate investment and national economic growth in China are broadly divided into two categories: a part of scholars believe that the development of the real estate industry will drive the development of the national economy. Xu Xianchun et al (2015) argued that a reasonable and stable growth of the real estate economy would contribute greatly to the growth of China's national economy [1]; Chen Lei and Cao Ze (2017) analyzed the relationship between the amount of real estate development investment and GDP based on the years 2000-2015 and 1995-2016, respectively, and found that there was a long-term stable equilibrium relationship between the two [2] [3]. Jing Gang and Wang Liguo (2019) found that real estate investment drives economic growth to a certain extent by analyzing panel data of 31 provinces across the country from 2000-2016, but the impact effect varies in different provinces [4].…”

Section: Introductionmentioning

confidence: 99%

An Empirical Study on the Relationship between Real Estate Investment and National Economic Growth in China - based on Granger Causality Test and Error Correction Model

Ye¹,

Chen²,

Li³

2023

Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022

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In recent years, there has been a close link between real estate investment and the national economy in China. This article selects the time series data of China's real estate development investment and national economic growth from 2000 to 2019, carries out price deflations to eliminate the inflation factor, and transforms the data into logarithms to eliminate heteroskedasticity, followed by the analysis using econometric theories such as co-integration theory, Granger causality test, and error correction model. The results show that: there is a long-term equilibrium relationship between the amount of real estate development investment and national economic growth in China; in the short term, the increase in real estate investment in China is the cause of national economic growth, while in the long term this relationship is not obvious; and the longterm elasticity of real estate investment to national economic growth is greater than the short-term elasticity.

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Quantifying embodied energy consumption and air pollutant emissions in China's real estate development in 2000–2020

Huang,

Cheng,

Zhang

et al. 2024

Environmental Impact Assessment Review

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Financial Development, Real Estate Investment and Economic Growth

Cited by 5 publications

References 30 publications

Social and Financial Sustainability of Real Estate Investment: Evaluating Public Perceptions towards Blockchain Technology

Social and Financial Sustainability of Real Estate Investment: Evaluating Public Perceptions towards Blockchain Technology

An Empirical Study on the Relationship between Real Estate Investment and National Economic Growth in China - based on Granger Causality Test and Error Correction Model

Quantifying embodied energy consumption and air pollutant emissions in China's real estate development in 2000–2020

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