The relationship of the manufacturing growth with the financial industry and real estate industry
Item and associated files
Author
Chen, Yueyun (Bill) See all items with this value
Li, Xingong See all items with this value
Pu, Chengyi See all items with this value
Lin, Lianlian See all items with this value
Date
June 2019
Volume
7
Issue No.
2
Pages
38-47
ISSN
2375-0766 See all items with this value
e-ISSN
2375-0774 See all items with this value
Abstract
This paper focuses on the relationship of the manufacturing industry with the financial and real estate industry. The purpose is to examine whether the fast development of the financial or real estate sector negatively affects the growth of the manufacturing industry as some claimed. Based on the data of China, USA, Germany, and Japan and using the regression analysis, the paper identified factors or variables significantly affecting a country are manufacturing growth. However, it did not find out any such direct significant effect of the financial or real estate sector on the manufacturing industry. On the other hand, the productivity, export, and investment of the manufacturing industry are more important generally to the growth of manufacturing. The paper then further discusses and suggests policy implications on what a country should do to maintain sustainable manufacturing growth.