The spillover effects of a downturn in China's real estate investment:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C.
International Monetary Fund, Asia and Pacific Dept.
2012
|
| Schriftenreihe: | IMF working paper
WP/12/266 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | "November 2012." "Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector's extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real estate investment in China - though a low-probability event - would be sizable, with large spillovers to a number of China's trading partners. Using a two-region factor-augmented vector autoregression model that allows for interaction between China and the rest of the G20 economies, the authors find that a 1-percent decline in China's real estate investment would shave about 0.1 percent off China's real GDP within the first year, with negative spillover impacts to China's G20 trading partners that would cause global output to decline by roughly 0.05 percent from baseline. Japan, Korea, and Germany would be among the hardest hit. In that event, commodity prices, especially metal prices, could fall by as much as 0.8-2.2 percent below baseline one year after the shock."--Abstract |
| Beschreibung: | 1 Online-Ressource (24 pages) |
| ISBN: | 9781475560664 1475560664 1475575157 9781475575156 |
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| 500 | |a "Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector's extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real estate investment in China - though a low-probability event - would be sizable, with large spillovers to a number of China's trading partners. Using a two-region factor-augmented vector autoregression model that allows for interaction between China and the rest of the G20 economies, the authors find that a 1-percent decline in China's real estate investment would shave about 0.1 percent off China's real GDP within the first year, with negative spillover impacts to China's G20 trading partners that would cause global output to decline by roughly 0.05 percent from baseline. Japan, Korea, and Germany would be among the hardest hit. In that event, commodity prices, especially metal prices, could fall by as much as 0.8-2.2 percent below baseline one year after the shock."--Abstract | ||
| 650 | 4 | |a Financial stability / China | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Real Estate / General |2 bisacsh | |
| 650 | 7 | |a Commerce |2 fast | |
| 650 | 7 | |a Real estate investment |2 fast | |
| 650 | 7 | |a Real property / Prices |2 fast | |
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Datensatz im Suchindex
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| author | Ahuja, Ashvin |
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| dewey-full | 333.30951 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 333 - Economics of land and energy |
| dewey-raw | 333.30951 |
| dewey-search | 333.30951 |
| dewey-sort | 3333.30951 |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV042961179 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:13:49Z |
| institution | BVB |
| isbn | 9781475560664 1475560664 1475575157 9781475575156 |
| language | English |
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| spelling | Ahuja, Ashvin Verfasser aut The spillover effects of a downturn in China's real estate investment Ashvin Ahuja and Alla Myrvoda Washington, D.C. International Monetary Fund, Asia and Pacific Dept. 2012 1 Online-Ressource (24 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/266 "November 2012." "Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector's extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real estate investment in China - though a low-probability event - would be sizable, with large spillovers to a number of China's trading partners. Using a two-region factor-augmented vector autoregression model that allows for interaction between China and the rest of the G20 economies, the authors find that a 1-percent decline in China's real estate investment would shave about 0.1 percent off China's real GDP within the first year, with negative spillover impacts to China's G20 trading partners that would cause global output to decline by roughly 0.05 percent from baseline. Japan, Korea, and Germany would be among the hardest hit. In that event, commodity prices, especially metal prices, could fall by as much as 0.8-2.2 percent below baseline one year after the shock."--Abstract Financial stability / China BUSINESS & ECONOMICS / Real Estate / General bisacsh Commerce fast Real estate investment fast Real property / Prices fast Wirtschaft Real property Prices China Real estate investment China Myrvoda, Alla Sonstige oth International Monetary Fund Asia and Pacific Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516449 Aggregator Volltext |
| spellingShingle | Ahuja, Ashvin The spillover effects of a downturn in China's real estate investment Financial stability / China BUSINESS & ECONOMICS / Real Estate / General bisacsh Commerce fast Real estate investment fast Real property / Prices fast Wirtschaft Real property Prices China Real estate investment China |
| title | The spillover effects of a downturn in China's real estate investment |
| title_auth | The spillover effects of a downturn in China's real estate investment |
| title_exact_search | The spillover effects of a downturn in China's real estate investment |
| title_full | The spillover effects of a downturn in China's real estate investment Ashvin Ahuja and Alla Myrvoda |
| title_fullStr | The spillover effects of a downturn in China's real estate investment Ashvin Ahuja and Alla Myrvoda |
| title_full_unstemmed | The spillover effects of a downturn in China's real estate investment Ashvin Ahuja and Alla Myrvoda |
| title_short | The spillover effects of a downturn in China's real estate investment |
| title_sort | the spillover effects of a downturn in china s real estate investment |
| topic | Financial stability / China BUSINESS & ECONOMICS / Real Estate / General bisacsh Commerce fast Real estate investment fast Real property / Prices fast Wirtschaft Real property Prices China Real estate investment China |
| topic_facet | Financial stability / China BUSINESS & ECONOMICS / Real Estate / General Commerce Real estate investment Real property / Prices Wirtschaft Real property Prices China Real estate investment China |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516449 |
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