The spillover effects of a downturn in China's real estate investment /:
"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...
Gespeichert in:
Hauptverfasser: | , |
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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 |
Zusammenfassung: | "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: | "November 2012." |
Beschreibung: | 1 online resource (24 pages) |
Bibliographie: | Includes bibliographical references. |
ISBN: | 9781475560664 1475560664 1475575157 9781475575156 |
ISSN: | 2227-8885 ; |
Internformat
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520 | |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. | ||
504 | |a Includes bibliographical references. | ||
505 | 0 | |a Cover; Contents; I. Introduction; II. Modeling the Spillover Effects; III. Domestic Feedback; Table; Table 1. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Selected China Indicators; IV. Global Spillover; Table 2. Impacts one year after a 1-percent exogenous decline in China's real estate; Table 3. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Trade Indicators; Table 4. Impacts one year after a 1-standard-deviation exogenous decline in China's real estate investment: Selected Commodity Prices; V. Conclusion. | |
650 | 0 | |a Real property |x Prices |z China. | |
650 | 0 | |a Real estate investment |z China. | |
651 | 0 | |a China |x Commerce. | |
650 | 6 | |a Biens réels |x Prix |z Chine. | |
650 | 6 | |a Immeubles |x Investissements |z Chine. | |
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author | Ahuja, Ashvin Myrvoda, Alla |
author_GND | http://id.loc.gov/authorities/names/no2011026299 http://id.loc.gov/authorities/names/no2012150002 |
author_facet | Ahuja, Ashvin Myrvoda, Alla |
author_role | aut aut |
author_sort | Ahuja, Ashvin |
author_variant | a a aa a m am |
building | Verbundindex |
bvnumber | localFWS |
callnumber-first | H - Social Science |
callnumber-label | HD926 |
callnumber-raw | HD926.5 |
callnumber-search | HD926.5 |
callnumber-sort | HD 3926.5 |
callnumber-subject | HD - Industries, Land Use, Labor |
collection | ZDB-4-EBA |
contents | Cover; Contents; I. Introduction; II. Modeling the Spillover Effects; III. Domestic Feedback; Table; Table 1. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Selected China Indicators; IV. Global Spillover; Table 2. Impacts one year after a 1-percent exogenous decline in China's real estate; Table 3. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Trade Indicators; Table 4. Impacts one year after a 1-standard-deviation exogenous decline in China's real estate investment: Selected Commodity Prices; V. Conclusion. |
ctrlnum | (OCoLC)816025643 |
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 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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geographic | China Commerce. China fast https://id.oclc.org/worldcat/entity/E39PBJcrd4RjtCBk4wfMhTwwG3 |
geographic_facet | China Commerce. China |
id | ZDB-4-EBA-ocn816025643 |
illustrated | Not Illustrated |
indexdate | 2024-11-27T13:25:02Z |
institution | BVB |
institution_GND | http://id.loc.gov/authorities/names/no97006778 |
isbn | 9781475560664 1475560664 1475575157 9781475575156 |
issn | 2227-8885 ; |
language | English |
oclc_num | 816025643 |
open_access_boolean | |
owner | MAIN DE-863 DE-BY-FWS |
owner_facet | MAIN DE-863 DE-BY-FWS |
physical | 1 online resource (24 pages) |
psigel | ZDB-4-EBA |
publishDate | 2012 |
publishDateSearch | 2012 |
publishDateSort | 2012 |
publisher | International Monetary Fund, Asia and Pacific Dept., |
record_format | marc |
series | IMF working paper ; |
series2 | IMF working paper, |
spelling | Ahuja, Ashvin, author. http://id.loc.gov/authorities/names/no2011026299 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 resource (24 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft http://rdaregistry.info/termList/fileType/1002 IMF working paper, 2227-8885 ; 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. Includes bibliographical references. Cover; Contents; I. Introduction; II. Modeling the Spillover Effects; III. Domestic Feedback; Table; Table 1. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Selected China Indicators; IV. Global Spillover; Table 2. Impacts one year after a 1-percent exogenous decline in China's real estate; Table 3. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Trade Indicators; Table 4. Impacts one year after a 1-standard-deviation exogenous decline in China's real estate investment: Selected Commodity Prices; V. Conclusion. Real property Prices China. Real estate investment China. China Commerce. Biens réels Prix Chine. Immeubles Investissements Chine. BUSINESS & ECONOMICS Real Estate General. bisacsh Commerce fast Real estate investment fast Real property Prices fast China fast https://id.oclc.org/worldcat/entity/E39PBJcrd4RjtCBk4wfMhTwwG3 Myrvoda, Alla, author. http://id.loc.gov/authorities/names/no2012150002 International Monetary Fund. Asia and Pacific Department, issuing body. http://id.loc.gov/authorities/names/no97006778 IMF working paper ; WP/12/266. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516449 Volltext |
spellingShingle | Ahuja, Ashvin Myrvoda, Alla The spillover effects of a downturn in China's real estate investment / IMF working paper ; Cover; Contents; I. Introduction; II. Modeling the Spillover Effects; III. Domestic Feedback; Table; Table 1. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Selected China Indicators; IV. Global Spillover; Table 2. Impacts one year after a 1-percent exogenous decline in China's real estate; Table 3. Impacts one year after a 1-percent exogenous decline in China's real estate investment: Trade Indicators; Table 4. Impacts one year after a 1-standard-deviation exogenous decline in China's real estate investment: Selected Commodity Prices; V. Conclusion. Real property Prices China. Real estate investment China. Biens réels Prix Chine. Immeubles Investissements Chine. BUSINESS & ECONOMICS Real Estate General. bisacsh Commerce fast Real estate investment fast Real property Prices fast |
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 | spillover effects of a downturn in china s real estate investment |
topic | Real property Prices China. Real estate investment China. Biens réels Prix Chine. Immeubles Investissements Chine. BUSINESS & ECONOMICS Real Estate General. bisacsh Commerce fast Real estate investment fast Real property Prices fast |
topic_facet | Real property Prices China. Real estate investment China. China Commerce. Biens réels Prix Chine. Immeubles Investissements Chine. BUSINESS & ECONOMICS Real Estate General. Commerce Real estate investment Real property Prices China |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516449 |
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