How Much Would China’s GDP Respond to a Slowdown in Housing Activity?

Thomas Cook, Jun Nie and Aaron Smalter Hall ()

Macro Bulletin, 2018, issue September 12, 2018, 1-5

Abstract: We analyze China's interindustry connections and show that China?s housing activity has become increasingly important to its GDP growth. Our results suggest that a 10 percent decline in final demand for real estate and housing-related construction would lead to a decline in total output of 2.2 percent, an effect more than two times larger than it would have been 10 years ago.

Keywords: real estate investments; China; Housing (search for similar items in EconPapers)
JEL-codes: G50 (search for similar items in EconPapers)
Date: 2018
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