Models of UK private sector quarterly construction demand

作者: Akintola Akintoye , Martin Skitmore

DOI: 10.1080/01446199400000002

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摘要: An analysis is made of private sector construction demand (quarterly new orders) grouped into housing, commercial and industrial construction, respectively their relationship with a priori selected leading indicators GNP, price level, real interest rate, unemployment manufacturing profitability over the period 1974–1988. The results indicate that different variables explain trends in these subsectors. While appeared to be an important elastic influence housing investment, it was not found factor respect construction. Trends constructions are explained by economic conditions. level influences only negative inelastic relationship. Lead indicator forecasts groupings investment above 10% accuracy due unusually deep cut constru...

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