Systemic Risk Causality Among Economic Sectors: An Analysis of the Banking and Real Estate Sectors

2022 ◽  
pp. 19-32
Author(s):  
Cristina Georgiana Zeldea
Keyword(s):  
Real Estate ◽  
Systemic Risk ◽  
Economic Sectors

scholarly journals Systemic Importance of Insurance Companies—An Empirical Analysis

2016 ◽  
Vol 3 (1) ◽  
pp. 44
Author(s):  
Anushri Bansal
Keyword(s):  
Real Estate ◽  
Systemic Risk ◽  
Insurance Industry ◽  
Insurance Companies ◽  
Economic Sectors ◽  
Systemic Risks ◽  
Macroeconomic Impact ◽  
Insurance Firms ◽  
Systemic Problems ◽  
Over Time

Insurance companies are increasingly being regulated under the assumption that, like banks, they pose systemic risk to the overall economy and especially the financial system. This analysis investigates this premise by comparing the systemic importance of insurance companies and the insurance industry with that of banks, brokers, real estate firms, and their respective industries. Empirical results suggest that intra-industry linkages exist among insurance firms, although they are comparatively weaker than those in banking and real estate. Moreover, systemic risks arising from the effects of distress in other economic sectors are lower for insurance companies—although not negligible. Given its size, systemic problems arising over time from the insurance industry would have a very disruptive macroeconomic impact.

scholarly journals Which Sectors Really Matter for a Resilient Chinese Economy? A Structural Decomposition Analysis

2019 ◽  
Vol 11 (22) ◽  
pp. 6333 ◽  
Author(s):  
Xin Mai ◽  
Roger C. K. Chan ◽  
Chaoqun Zhan
Keyword(s):  
Real Estate ◽  
National Economy ◽  
Financial Services ◽  
Decomposition Analysis ◽  
Industrial Sector ◽  
Chinese Economy ◽  
Infrastructure Development ◽  
Structural Decomposition Analysis ◽  
Economic Sectors ◽  
Economic Resilience

This study explores the structural effect of economic resilience with a case of China by examining the extent to which the major economic sectors contribute to the relative resilience of China’s overall economy. By applying a time series analysis, we use the Hodrick–Prescott filter to delineate China’s national economy on a quarterly basis and reveal different performances in responding to two recent economic crises in 1997 and 2008. Using quarterly data pertaining to eight economic sectors (including agriculture, industry, and major service sectors) and the national GDP from 1993Q1 to 2017Q2, we examine their effects on China’s economic resilience by simulating the responses of the national economy to a unit shock from each sector. Results show that the construction, real estate, and financial services have the greatest potential to “disturb” the national economy whereas the industrial sector has the greatest potential to “stabilize” it. The findings correspond with the understanding that extensive infrastructure development and the real estate boom have driven China’s rapid urban development and created economic prosperity, whereas the sectoral decomposition of economic resilience compels a critical reflection on the risks of this growth model.

scholarly journals PERANAN SEKTOR PERIKANAN TERHADAP PEREKONOMIAN KABUPATEN NATUNA

2020 ◽  
Vol 10 (1) ◽  
pp. 11
Author(s):  
Meirina Anggraeni ◽  
Ernan Rustiadi ◽  
Gatot Yulianto
Keyword(s):  
Economic Growth ◽  
Real Estate ◽  
Regional Development ◽  
Raw Material ◽  
Input Output ◽  
Economic Sectors ◽  
Fisheries Resources ◽  
Food And Beverage ◽  
Backward And Forward Linkages

Kabupaten Natuna sebagai daerah pulau-pulau kecil memiliki sumber daya alam yang besar khususnya perikanan. Sektor perikanan diharapkan dapat menjadi motor penggerak bagi pengembangan wilayah Kabupaten Natuna. Salah satu alternatif menggerakkan dan memacu pembangunan wilayah adalah menentukan pusat pertumbuhan ekonomi dan meningkatkan keterkaitan antar sektor. Penelitian ini bertujuan untuk menganalisis tingkat perkembangan wilayah berdasarkan kelengkapan infrastruktur wilayah, menganalisis keterkaitan ke belakang dan ke depan (backward and forward linkages) sektor perikanan dan menganalisis seberapa besar peranan sektor perikanan terhadap perekonomian Kabupaten Natuna. Analisis data yang digunakan adalah Skalogram dan Input-Output (I-O). Hasil penelitian menunjukkan kecamatan yang berpotensi sebagai pusat pertumbuhan ekonomi adalah Kecamatan Bunguran Timur dan Pulau Tiga. Sektor industri pengolahan, penyediaan akomodasi dan makan minum, transportasi dan pergudangan, jasa keuangan dan asuransi, dan real estate dan jasa perusahaan termasuk ke dalam sektor unggulan karena memiliki daya penyebaran ke belakang dan daya kepekaan terhadap permintaan akhir sektor-sektor perekonomian. Sementara sektor perikanan belum menjadi sektor unggulan yang dapat menjadi penggerak secara langsung perekonomian di Kabupaten Natuna. Upaya untuk mendorong keterkaitan antar sektor perikanan dengan sektor perekonomian wilayah dengan pengembangan industri hilir yang memanfaatkan output kegiatan perikanan sebagai bahan baku produksinya baik secara langsung maupun tidak langsung dan difokuskan pada lokasi yang berpotensi sebagai pusat pertumbuhan Tittle: Role of Fisheries Sector to Economy of the Natuna RegencyNatuna Regency is a potential area with great amount of fisheries resources. Its fisheries resources are expected to encourage the development within the regency. The establisment of economic growth center and increased linkages among sectors were suggested to accelerate the regional development. This study aims to analyze the level of regional development based on the completeness of regional infrastructure, to analyze the backward and forward linkages of the fisheries sector and to measure the role of fisheries in economy of Natuna Regency. Scalogram and Input-Output were used for data analysis. The results suggested two districts as a center of economic growth, they are Bunguran Timur District and Pulau Tiga. Instead of fisheries sector,  the manufacturing, accommodation, food and beverage, transportation, warehousing, financial and insurance services, real estate and company services were the leading sectors due to their backward deployment and sensitivity to the final demands of the economic sectors. Efforts to encourage linkages between fisheries and other regional economic sector are necessary through the development of downstream industries. It includes the directly and indirectly use of fisheries outputs as raw material for production in the focus area of centers of growth 

scholarly journals An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development

2021 ◽  
Vol 26 ◽  
pp. 475-487
Author(s):  
Kamer-Ainur Aivaz ◽  
Constantin Avram
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Capital Investments ◽  
Economic Sectors ◽  
The Real ◽  
Economic Agents ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Tourism Potential ◽  
High Degree

As time went on, Constanta County has become one of the emerging poles of residential development in Romania, primarily due to its excellent positioning as an economic hub driven by international trade, doubled by a tourism potential with a high degree of long-term growth. In this context, performance measurement remains a constant concern of the entire economic sector that can ensure the progress of an entity. The purpose of this paper is to carry out a dynamic analysis over an 11-year period of the profit margin at the level of the economic agents in Constanta County whose main object of activity is, according to the NACE classification, Real Estate activities/transactions. In the analyzed period, the year 2015 stands out, in which the resumption of lending for large projects and the return of investor confidence in the real estate sector created a contagious euphoria on the market which, coupled with the income accumulated in the crisis by investors looking for profitable capital investments, led to the emergence of a wave of acquisitions, thus stimulating the real estate transactions market. Moreover, although the Coronavirus pandemic has affected the entire planet, more precisely all the economic sectors and the real estate market has not been an exception, the evolution of real estate transactions in the year 2020 was beyond the expectations of specialists in Romania, Romanians showing an appetite for this kind of transactions also in the year of the pandemic.

scholarly journals To Rebuild or to Refurbish? An Analysis of the Financial Convenience of Interventions on Urban Consolidated Contexts

2022 ◽  
Vol 18 ◽  
pp. 226-231
Author(s):  
M. Locurcio ◽  
F. Tajani ◽  
P. Morano ◽  
F. Di Liddo ◽  
D. Anelli
Keyword(s):  
Real Estate ◽  
Performance Indicator ◽  
Real Estate Market ◽  
Economic Sectors ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
The Real Estate Market ◽  
New Construction ◽  
Historical Moment

In the current historical moment of post-crisis recovery, the real estate sector has a dual role: i) through the construction industry and its impacts on related economic sectors, it is called upon to be an active part of the economic recovery; ii) the enhancement of existing property assets is of primary importance in the containment of greenhouse gases and the achievement of the objectives set by the United Nations [1]. In this context, the various players involved in the real estate market have outlined the importance of being supported by assessment methodologies. That allows to point out not only the opportunities of the investment, but also the risks that may invalidate the initial forecasts, nullifying the success of the initiative. To this end, this research develops a multi-criteria Key Performance Indicator aimed at analyzing the feasibility of real estate initiatives that allows to provide a synthetic scoring on the financial sustainability of each investment and to compare different types of initiatives (e.g. new construction, demolition and reconstruction, renovation, etc.).

Money Laundering in Real Estate (RE)

2021 ◽  
pp. 53-90 ◽  
Author(s):  
Mark Lokanan ◽  
Gaurav Chopra
Keyword(s):  
Real Estate ◽  
Money Laundering ◽  
Law And Order ◽  
Property Market ◽  
Economic Sectors ◽  
Price Inflation ◽  
The Real Estate ◽  
The Government ◽  
Using Data ◽  
The Stability

Money laundering is a defiance of law and order within the real estate (RE) sector in Canada. Laundering of illicit funds impacts the stability, reliability, and integrity of the government, financial institutions, and the economic sectors. Due to its mysterious nature, there are more unknowns about the quantum of snow washing in the property market or its effects on price inflation. Using data from the Cullen Commission about money laundering in Canada, this chapter is an effort to examine the nuances that law enforcement encounters while investigating illegal investment operations. This chapter illuminates a broad range of problems around the investigations of unlawful investments and recommends pragmatic solutions to the illicit flow of money in RE sector of Canada.

scholarly journals Impact of systemic risk in the real estate sector on banking return

SpringerPlus ◽  
2016 ◽  
Vol 5 (1) ◽  
Author(s):  
Shouwei Li ◽  
Qing Pan ◽  
Jianmin He
Keyword(s):  
Real Estate ◽  
Systemic Risk ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector

scholarly journals Competitiveness and structural change in Salatiga economy

2019 ◽  
Vol 1 (1) ◽  
pp. 25-36
Author(s):  
Mohammad Rofiuddin
Keyword(s):  
Real Estate ◽  
Waste Management ◽  
Water Supply ◽  
Regional Growth ◽  
Retail Trade ◽  
Educational Services ◽  
Economic Sectors ◽  
Regional Competitiveness ◽  
Food And Beverage ◽  
Food And Drink

The era of globalization has forced all regions at an increasingly fierce and sharp level of competition, both directly and indirectly, both in the domestic and international markets. One approach to overcoming these challenges is through a regional development that refers to increasing regional competitiveness as the basis for regional growth. The purpose of this study was to determine the leading sectors and shift in the share of economic sectors in Salatiga. The analytical method used in this research is the Estaban Marquillas Shift-Share (SS) analysis. The results showed that the sectors that had competitive advantages and specialization were as follows: (i) 2013, namely Water Supply, Waste Management, Waste and Recycling, Construction, Wholesale and Retail Trade; Car and Motorcycle Repair, Transportation and Warehousing, and Real Estate; (ii) in 2017, namely the Provision of Accommodation and Food and Beverage, Corporate Services, and Educational Services. Besides that, in Salatiga City, it can be said that the economic structure has shifted, namely Agriculture, Forestry, and Fisheries; Processing industry; Electricity and Gas Procurement; Water Supply, Waste Management, Waste and Recycling; Construction; Wholesale and retail trade; Car and Motorcycle Repair; Transportation and Warehousing; Provision of Accommodation and Food and Drink; Real Estate; Company Services; Educational Services.

scholarly journals THE IMPACT OF THE CORONAVIRUS PANDEMIC ON THE TERRITORIAL CHARACTERISTICS OF HUNGARIAN SMES (SPECIAL REGARDS TO TOURISM)

2021 ◽  
Vol 39 (4 supplement) ◽  
pp. 1483-1487
Author(s):  
Áron KINCSES ◽  
◽  
Géza TÓTH ◽  
Henrietta Emese Gerő JENEINÉ ◽  
János PÉNZES ◽  
...  
Keyword(s):  
Real Estate ◽  
Its Region ◽  
Lake Balaton ◽  
Economic Sectors ◽  
Health Crisis ◽  
Central Statistical ◽  
Central Statistical Office ◽  
Basic Features ◽  
The Impact

The study highlights the economic importance and role of the European and Hungarian SMEs (micro, small and medium-sized enterprises) in reducing territorial inequalities, and in contributing to regional development and gives an overview of their basic features and characteristics. In the preparation of this paper, we have relied on specialist literature and the data available on the website of Hungarian Central Statistical Office. During the 2008 crisis, real estate, real estate renting, computer and business and business support services, trade, construction and manufacturing, and automotive were the big losers. The economic sectors most exposed to the effects of the 2020 health crisis were the so-called IRS sector. The districts most affected by the health crisis were the Hungarian districts most visited by domestic and foreign tourists, namely Lake Balaton, Bük-Sárvár, Sopron-Fertő, Győr-Pannonhalma, Mátra-Bükk, Debrecen and its region.

scholarly journals PENGARUH PRICE EARNING RATIO, RETURN ON EQUITY, DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM SUB SEKTOR PROPERTY DAN REAL ESTATE DI BURSA EFEK INDONESIA

2020 ◽  
Vol 8 (4) ◽  
pp. 325
Author(s):  
Siti Kholifah
Keyword(s):  
Real Estate ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Economic Sectors ◽  
Return On Equity ◽  
Large Numbers ◽  
Equity Ratio ◽  
Data Collection Technique

The property sector is one sector that is capable of absorbing large numbers of workers and has a multiplier effect and considerable backward linkage to other economic sectors. The property and real estate sub-sectors are quite interesting to be the object of research because investors in investing in stocks choose companies This study aims to determine the effect of PER (X1), ROE (X2), and DER (X3) variables on stock prices (Y) in property and real estate sub-sector companies. PER (X1), ROE (X2), and DER (X3) are used as independent variables while Stock Price (Y) is the dependent variable. The sampling technique was carried out by means of the purposive sampling method and obtained 16 companies as research samples. Data collection technique is the documentation method. Data were analyzed using multiple linear regression techniques with the help of SPSS version 20 statistical software. The results of this study indicate that the PER, ROE, and DER variables simultaneously have a significant effect on stock prices in property and real estate sub-sector companies on the Indonesia Stock Exchange. Partially only PER and ROE variables have a significant effect, while the DER variable has no significant effect. ROE variable is the variable that most influences the stock price.

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