Fereidouni, H G (2011) Factors contributing to the fluctuation in residential construction in Iran. Construction Economics and Building, 11(4), pp. 77-86. ISSN 2204-9029
Abstract
Residential construction is one of the most important pillars of Iran's economy. Although this sector had an increasing trend over the past two decades, the growth rate of residential construction has been very volatile. The purpose of this paper is to empirically investigate those factors contributing to this fluctuation over the 1991:Q2-2008:Q4. By applying cointegration approach, the empirical results show that housing prices, construction costs, GDP and gold prices are important factors to predict changes in the level of residential construction in Iran.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | cointegration approach; construction costs; housing; Iran; residential construction |
| Index terms: | cointegration, residential construction, construction cost, housing |
| Subjects: | financial and cost management, economic analysis, construction type, construction integration |
| Topics: | Construction Technology, Research Practice, Business Strategy, Cost Management |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here