Salama, M; Kaka, A and Leishman, C (2005) The relationship between the performance of the economy and the cost of construction of educational buildings in Egypt: A preliminary study. In: Khosrowshahi, F (ed.) Proceedings of 21st Annual ARCOM Conference, 7-9 September 2005, London, UK.
Abstract
The relationship between macro, international and local economic variables and the construction industry outcomes in Egypt is investigated. In 1992, Egypt launched a national project for the construction of educational buildings. This involved the construction of 1500 standardised design schools every year. From 1999, Egypt started to experience unfavourable economic conditions, ultimately leading to two currency devaluations during the period 2001-2003. The value of the fixed exchange rate currency settled at nearly 50% of its previous value. This research draws on a unique panel dataset in which each observation describes the cost and specification of an educational construction project. This allows design factors to be effectively standardised. The dataset is rich in variation in terms of economic variables. This permits the analysis to examine the impact of both economic variables and local factors on project cost. The paper concludes by mapping out future and ongoing work aimed at establishing and developing an analytical tool likely to have considerable value to planning authorities and construction industry stakeholders.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | building economics; educational buildings; Egypt; macro-economic variables |
| Index terms: | project cost, specification, educational building, economic condition, dataset, Egypt, design factor, construction industry, planning authority, construction project, mapping, variation, building economics |
| Subjects: | construction type, economic analysis, design practice, spatial and geospatial analysis, economics, production management, Geography, contractual condition, data management, sociology, industry analysis, cost management |
| Topics: | Site Management, Contract Administration, Design Practice, Digital Applications, Stakeholder Management, Construction Technology, Cost Management, Business Strategy, Geographical Context, Project Management, Research Practice |
| Descriptive scope: | 3 PCT |
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