Lin, R F Y (2016) The comparative econometric analysis of property and construction markets in commercial and residential sectors for GB and its regions. PhD thesis, University of London, University College London, UK.
Abstract
This research is based on an emergent field in the comparative analysis, construction and real estate economics, with some original contributions in the application of econometrics for both commercial and residential sectors, at national, as well as regional levels, in Great Britain. This study, firstly, through literature analysis, developed a comparative framework for construction and property markets. Afterward, based on the data availability and the quality, it narrowed down the initial framework into three key ideas for empirical analysis, which are as follows: (1) the relationships between economic growth and private commercial/residential construction investments; (2) the own and cross price elasticity of supply for property and construction markets in commercial and residential sectors; (3) the similarities and differences of the impacts of economic/social infrastructure investments in private commercial and residential construction outputs. The results provide a better understanding about the dynamic process between commercial and residential sectors in the changing environment, helping in decision-making for the investors and policy makers, and contribute to the work of stabilising real estate, the financial markets, and economy.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | economic growth; real estate; residential; markets; policy; econometrics; market; investment; econometric |
| Index terms: | comparative framework, decision-making, comparative analysis, property market, construction market, econometric, economic growth, markets, residential construction, real estate, infrastructure investment, investor |
| Subjects: | economic analysis, market analysis, economic development, real estate economics, data analysis and analytics, research design and methodology, decision analysis, sociology, construction integration |
| Topics: | Urban Studies, Stakeholder Management, Business Strategy, Research Practice, Risk Management, Sustainability, Procurement |
| 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