File(s) under permanent embargo
Spatial linkages among Australian construction markets
The linkages among different construction markets have recently attracted much attention from construction economists. The interactions among regional construction markets have been discussed in a few studies, most of which have been carried out by using input-output methods, and none of them investigated spatial effects on the regional construction markets. This study employed spatial econometric techniques, including spatial autocorrelation and convergence tests, to analyse interactions and linkages among construction price indices in Australian six states and two territories. The empirical results indicate the presence of significant positive spatial correlation among the construction prices in Australian eight construction markets and the degree of dependence decreasing sufficiently quickly as the space between regions increases. The results of convergence test further provide evidence of existence of a ripple effect in construction prices among the Australian regional markets and the changes in construction prices in a state would first positively influence neighbouring states, and then spread out into other non-neighbouring states or territories.
History
Journal
Australasian journal of construction economics and buildingVolume
14Issue
2Pagination
18 - 30Publisher
Australian Institute of Quantity SurveyorsLocation
Deakin West, ACTISSN
1835-6354eISSN
1837-9133Language
engPublication classification
C Journal article; C1 Refereed article in a scholarly journalCopyright notice
2014, Australian Institute of Quantity SurveyorsUsage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC