PRODUCTIVITY ASSESSMENT OF THE REAL ESTATE INDUSTRY IN CHINA: A TWO-STAGE MALMQUIST PRODUCTIVITY INDEX

نویسندگان

چکیده

Considering that the real estate industry is a critical to promote economy in China, it necessary measure performance. However, few studies about performance evaluation of China’s have focused on production process. To fill this gap, paper proposes two-stage framework investigate productivity 30 sample provinces mainland China from 2008 2015, based common-weight global Malmquist index (MPI). The major findings are shown as follows: (a) efficiency low, and mainly caused by inefficiency sales stage, not development stage; (b) trend sector sensitive government policies, fluctuations MPI consistent with direction policy adjustment during observation period; (c) for regional analysis MPI, we introduce concept dependence degree predict economically underdeveloped regions may decline future. Finally, recommendations provided high-quality industry.

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ژورنال

عنوان ژورنال: International Journal of Strategic Property Management

سال: 2021

ISSN: ['1648-715X', '1648-9179']

DOI: https://doi.org/10.3846/ijspm.2021.14199