Please use this identifier to cite or link to this item: https://doi.org/10.1108/14635781011024845
DC FieldValue
dc.titleExplaining the macro-economy and retail real estate sector dynamic interaction between prime and suburban retail real estate sectors
dc.contributor.authorHo, K.H.D.
dc.contributor.authorMuhammad, F.B.I.
dc.date.accessioned2013-10-14T05:08:44Z
dc.date.available2013-10-14T05:08:44Z
dc.date.issued2010
dc.identifier.citationHo, K.H.D., Muhammad, F.B.I. (2010). Explaining the macro-economy and retail real estate sector dynamic interaction between prime and suburban retail real estate sectors. Journal of Property Investment and Finance 28 (2) : 77-108. ScholarBank@NUS Repository. https://doi.org/10.1108/14635781011024845
dc.identifier.issn1463578X
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/46134
dc.description.abstractPurpose: From the perspective of the macro-economy and real estate sector interaction, this paper aims to examine the maturing prime retail real estate sector versus the developing suburban retail real estate sector. Design/methodology/approach: This paper adopts a highly specific dynamic computable general equilibrium model under system dynamics programming to structure the resulting system complexity within the context of Singapore. Findings: Ex post and ex ante model estimations find that the suburban retail real estate sector is on the whole more susceptible to gross domestic product (GDP) growth policy that affects both GDP expansion and retail rents in actual and expectation terms as well as returns. Research limitations/implications: The DCGE model ex ante estimations for the planned scenarios, under low or high GDP growth for the prime and suburban retail real estate sectors, enhances understanding of structural factors and dynamic interaction in the maturation phase of the prime retail real estate sector in Singapore. Practical implications: In comparison, Singapore's suburban retail real estate sector is found to be in a developing phase. Originality/value: There is limited local research on the underlying relationship between the economy and the retail real estate sector, although Singapore's retail sector and retail real estate sector form an integral part of sustainable economic expansion. © Emerald Group Publishing Limited.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1108/14635781011024845
dc.sourceScopus
dc.subjectGross national product
dc.subjectNational economy
dc.subjectReal estate
dc.subjectSingapore
dc.typeArticle
dc.contributor.departmentREAL ESTATE
dc.description.doi10.1108/14635781011024845
dc.description.sourcetitleJournal of Property Investment and Finance
dc.description.volume28
dc.description.issue2
dc.description.page77-108
dc.identifier.isiut000212841100003
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