Factors contributing to the fluctuations in residential construction in Iran
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, however, the growth rate of residential construction was very volatile. The purpose of this paper is to empirically investigate those factors contr...
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| Format: | Article |
| Language: | English |
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UTS ePRESS
2011-12-01
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| Series: | Construction Economics and Building |
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| Online Access: | https://learning-analytics.info/journals/index.php/AJCEB/article/view/2295 |
| _version_ | 1811294111441879040 |
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| author | Hassan Gholipour Fereidouni |
| author_facet | Hassan Gholipour Fereidouni |
| author_sort | Hassan Gholipour Fereidouni |
| collection | DOAJ |
| description | 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, however, the growth rate of residential construction was 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 explain swings in residential construction in Iran. |
| first_indexed | 2024-04-13T05:11:45Z |
| format | Article |
| id | doaj.art-2d27577cddcd4b6197247ce80eacd99c |
| institution | Directory Open Access Journal |
| issn | 2204-9029 |
| language | English |
| last_indexed | 2024-04-13T05:11:45Z |
| publishDate | 2011-12-01 |
| publisher | UTS ePRESS |
| record_format | Article |
| series | Construction Economics and Building |
| spelling | doaj.art-2d27577cddcd4b6197247ce80eacd99c2022-12-22T03:01:00ZengUTS ePRESSConstruction Economics and Building2204-90292011-12-0111410.5130/AJCEB.v11i4.22951601Factors contributing to the fluctuations in residential construction in IranHassan Gholipour Fereidouni0Universiti Sains MalaysiaResidential construction is one of the most important pillars of Iran’s economy. Although this sector had an increasing trend over the past two decades, however, the growth rate of residential construction was 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 explain swings in residential construction in Iran.https://learning-analytics.info/journals/index.php/AJCEB/article/view/2295HousingConstruction CostsResidential ConstructionCointegration ApproachIran |
| spellingShingle | Hassan Gholipour Fereidouni Factors contributing to the fluctuations in residential construction in Iran Construction Economics and Building Housing Construction Costs Residential Construction Cointegration Approach Iran |
| title | Factors contributing to the fluctuations in residential construction in Iran |
| title_full | Factors contributing to the fluctuations in residential construction in Iran |
| title_fullStr | Factors contributing to the fluctuations in residential construction in Iran |
| title_full_unstemmed | Factors contributing to the fluctuations in residential construction in Iran |
| title_short | Factors contributing to the fluctuations in residential construction in Iran |
| title_sort | factors contributing to the fluctuations in residential construction in iran |
| topic | Housing Construction Costs Residential Construction Cointegration Approach Iran |
| url | https://learning-analytics.info/journals/index.php/AJCEB/article/view/2295 |
| work_keys_str_mv | AT hassangholipourfereidouni factorscontributingtothefluctuationsinresidentialconstructioniniran |