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Chau, K W and Walker, A (1988) The measurement of total factor productivity of the Hong Kong construction industry. Construction Management and Economics, 6(03), 209-24.

Fazio, P, Moselhi, O, Theberge, P and Revay, S O (1988) Design impact of construction fast-track. Construction Management and Economics, 6(03), 195-208.

Herzog, H W and Schlottmann, A M (1988) Local business cycle severity and induced labour mobility: the case of the construction workforce. Construction Management and Economics, 6(03), 247-58.

Tan, W (1988) GNP, interest rate and construction investment: empirical evidence from USA data. Construction Management and Economics, 6(03), 185-93.

  • Type: Journal Article
  • Keywords: GNP; interest rate; investment
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446198800000017
  • Abstract:

    Economic theory suggests that construction investment varies directly with business profits and future expectations of profits and inversely with the interest rate. Time series studies using spectral analysis on USA data reveal that future expectation and business profits have a greater impact on investment decisions than the interest rate.

Wilson, O D and Sharpe, K (1988) Tenders and estimates: a probabilistic model. Construction Management and Economics, 6(03), 225-45.