Dynamics of Investment in New Housing and Other New Construction Works
Akintoye, Akintola S. & Skitmore, Martin (1991) Dynamics of Investment in New Housing and Other New Construction Works. In Bezelga, A. & Brandon, P. (Eds.) Transactions of the European Symposium on Management. Quality and Economics in Housing and other Building Sectors, 30 Spetember-4 October 1991, Lisbon, Portugal.
Economic theory suggests that construction investment varies directly with business and consumer confidence in national economic situation and inversely with price changes and interest rate. Studies of public and private sectors new housing and other new construction works using OLS regression analysis on UK data reveal the time lags and dynamics of these relationships. The time lags reveal the question of how rapid the construction investment could respond to changes in these underlying economic factors, as this may substantially determine private and public sector construction investment policies.
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|Item Type:||Conference Paper|
|Subjects:||Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200)|
|Divisions:||Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering|
|Copyright Owner:||Copyright 1991 (please consult author)|
|Deposited On:||19 Jun 2006|
|Last Modified:||09 Jun 2010 12:32|
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