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Ansah, R H and Sorooshian, S (2018) 4P delays in project management. Engineering, Construction and Architectural Management, 25(01), 62-76.
Babatunde, S O, Perera, S, Ekundayo, D and Adeleye, T E (2019) An investigation into BIM-based detailed cost estimating and drivers to the adoption of BIM in quantity surveying practices. Journal of Financial Management of Property and Construction , 25(01), 61–81.
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Coleman, E, Nooni, I K, Fianko, S K, Dadzie, L, Neequaye, E N, Owusu-Agyemang, J and Ansa-Asare, E O (2020) Assessing contract management as a strategic tool for achieving quality of work in Ghanaian construction industry. Journal of Financial Management of Property and Construction, 25(01), 41–60.
Fan, Y and Kokko, E (1997) Three-dimensional gaseous transfer within cellular plastic insulation and its consequences. Building Research & Information, 25(01), 25–35.
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Hatamleh, M T, Hiyassat, M, Sweis, G J and Sweis, R J (2018) Factors affecting the accuracy of cost estimate: Case of Jordan. Engineering, Construction and Architectural Management, 25(01), 113-31.
Ikuabe, M, Oke, A E and Aigbavboa, C (2020) Impact of contractors’ opportunism on construction project transaction costs. Journal of Financial Management of Property and Construction , 25(01), 125–41.
Keswani, K (1997) The contribution of building centres to low-cost housing in India. Building Research & Information, 25(01), 50–64.
Lewis, T M (2007) Impact of globalization on the construction sector in developing countries. Construction Management and Economics, 25(01), 7-23.
Lian, J K M, Foo, Z Y and Ling, F Y Y (2018) Value of internships for professional careers in the built environment sector in Singapore. Engineering, Construction and Architectural Management, 25(01), 77-89.
Lingard, H, Blismas, N, Harley, J, Stranieri, A, Zhang, R P and Pirzadeh, P (2018) Making the invisible visible: Stimulating work health and safety-relevant thinking through the use of infographics in construction design. Engineering, Construction and Architectural Management, 25(01), 39-61.
Ma, L, Reed, R and Jin, X (2018) Identify the equilibrium of residential construction output: A vector error correction model approach. Engineering, Construction and Architectural Management, 25(01), 21-38.
- Type: Journal Article
- Keywords: Australia; residential property; prices; vector error correction model; long-run equilibrium; output
- ISBN/ISSN:
- URL: https://doi.org/10.1108/ECAM-06-2016-0148
- Abstract:
Purpose Due to the complicated nature of houses, the driving factors of the residential construction output can be investigated from different perspectives of interests. However, little research has provided an insight of the trend of the residential construction output from a cross-disciplinary perspective. The purpose of this paper is to identify the long-run equilibrium types of residential construction output, including external equilibrium, solo-market equilibrium and dual-market equilibrium. Design/methodology/approach A vector error correction model is applied into longitudinal data in the eight Australian states and territories to overview the regional variations of the residential construction output. Findings The empirical results show that the equilibrium of regional residential construction outputs in New South Wales and Victoria are determined by the external factors; the equilibrium in Western Australia is dominated by the construction market; and the equilibriums in the other five states and territories are influenced by both construction and house markets. Research limitations/implications The simplified approach may overlook the detailed explanation of the external factors, such as regional population, economy, policy and so forth. Given this limitation, future studies can introduce the correspondingly variables as per research interests. Originality/value Implementing the existing research into residential construction output and house supply, this research provides a simplified approach that demonstrates the linkage between construction and real estate sectors to identify the long-run equilibriums across regions. The underlying research sheds light in delivering inter-disciplinary research into the residential construction output.
Mbachu, J and Nkado, R (2007) Factors constraining successful building project implementation in South Africa. Construction Management and Economics, 25(01), 39-54.
Perera, B, Samarakkody, A L and Nandasena, S R (2020) Managing financial and economic risks associated with high-rise apartment building construction in Sri Lanka. Journal of Financial Management of Property and Construction , 25(01), 143–62.
Pheng, L S and Omar, H F (1997) Integration, segmentalism and the maintenance of quality management systems in the construction industry. Building Research & Information, 25(01), 36–49.
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Rwelamila, P M D (2007) Project management competence in public sector infrastructure organisations. Construction Management and Economics, 25(01), 55-66.
Sha, K, Deng, X, Chen, Q and Xie, B (1997) Evolution of cost estimating system in China: intelligent estimator for Shandong Province (IES) to general intelligent estimator (GIE). Building Research & Information, 25(01), 11–4.
Shih, N-J and Lan, W-J (1997) Incorporating a 3D urban environmental model (3DUEM) into government and architectural firms. Building Research & Information, 25(01), 18–24.
Singla, H K (2020) Does family ownership affect the profitability of construction and real estate firms? Evidence from India. Journal of Financial Management of Property and Construction , 25(01), 107–24.
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Wells, J (2007) Informality in the construction sector in developing countries. Construction Management and Economics, 25(01), 87-93.
Wong, J, Wong, P N K and Heng, L (2007) An investigation of leadership styles and relationship cultures of Chinese and expatriate managers in multinational construction companies in Hong Kong. Construction Management and Economics, 25(01), 95-106.
Yorucu, V and Keles, R (2007) The construction boom and environmental protection in Northern Cyprus as a consequence of the Annan Plan. Construction Management and Economics, 25(01), 77-86.
Zekri, M M and Razali, M N (2019) Volatility dynamics of Malaysian listed property companies within the Asian public property markets by using a switching regime approach. Journal of Financial Management of Property and Construction , 25(01), 5–39.