Factors Contributing to the Fluctuation 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, the growth rate of residential construction has been very volatile. The purpose of this paper is to empirically investigate those factors contribut...

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Main Author: Fereidouni, Hassan Gholipour
Format: Article
Language:English
Published: UTS ePRESS 2011
Subjects:
Online Access:http://eprints.usm.my/39104/1/Factors_contributing_to_the_fluctuations_in_residential_construction_in_Iran.pdf
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author Fereidouni, Hassan Gholipour
author_facet Fereidouni, Hassan Gholipour
author_sort Fereidouni, Hassan Gholipour
collection USM
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, 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.
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spelling usm.eprints-391042018-02-22T02:08:23Z http://eprints.usm.my/39104/ Factors Contributing to the Fluctuation in Residential Construction in Iran Fereidouni, Hassan Gholipour TH1-9745 Building construction 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. UTS ePRESS 2011 Article PeerReviewed application/pdf en http://eprints.usm.my/39104/1/Factors_contributing_to_the_fluctuations_in_residential_construction_in_Iran.pdf Fereidouni, Hassan Gholipour (2011) Factors Contributing to the Fluctuation in Residential Construction in Iran. Australasian Journal of Construction Economics and Building, 11 (4). pp. 77-86. ISSN 1835-6354 http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2295
spellingShingle TH1-9745 Building construction
Fereidouni, Hassan Gholipour
Factors Contributing to the Fluctuation in Residential Construction in Iran
title Factors Contributing to the Fluctuation in Residential Construction in Iran
title_full Factors Contributing to the Fluctuation in Residential Construction in Iran
title_fullStr Factors Contributing to the Fluctuation in Residential Construction in Iran
title_full_unstemmed Factors Contributing to the Fluctuation in Residential Construction in Iran
title_short Factors Contributing to the Fluctuation in Residential Construction in Iran
title_sort factors contributing to the fluctuation in residential construction in iran
topic TH1-9745 Building construction
url http://eprints.usm.my/39104/1/Factors_contributing_to_the_fluctuations_in_residential_construction_in_Iran.pdf
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