Structural decomposition analysis of the growth of China's real estate sector based on partially closed input-output model.

Real estate sector is one of inevitable components of the whole national economy. The paper studies the sources of growth of the sector with the help of a structural decomposition analysis based on a partially closed input-output model. The results show that the change of fixed assets formed, the pattern of household consumption and technique improvement are main contributors, while the effect of low income rate of labor is negative. [ABSTRACT FROM AUTHOR]