Input–output analysis of the Chinese construction sector

Abstract

The construction sector has played a key role in the Chinese economy, which has been experiencing a rapid growth for the past two decades. This development and growth are reviewed in a framework of input–output analysis. The national input–output table (IO table) was used to study the current input–output profile of the Chinese construction sector and the relationship between the construction sector and other sectors. The pull and push effect of the Chinese construction industry to the whole national economy has been estimated. It shows that the pull effect is much larger than the push effect. Furthermore, through the analysis of a series of four IO tables spanning over the last 10 years, it reveals that the pull and push effect of the Chinese construction industry are both getting larger and larger. This means the Chinese construction industry is becoming mature and is in great transition.