Forecasting Private-Sector Construction Works: VAR Model Using Economic Indicators

摘要: AbstractAccurately modeling and forecasting construction works completed by main contractors is pivotal for policymakers, who require reliable market intelligence to adjust or develop optimal labor housing policies. Yet, despite its importance, limited research has been conducted systematically approaches investigating future trends of in the private sector. Against this backdrop, paper provides a study annual financial value work residential market. A vector auto-regression (VAR) model developed utilizes economic indicators (used financiers when making investment decisions) estimate carried out contractors. Using data from Hong Kong constructing an accumulated impulse function, suggests that completions markets can be explained changes s...