Investigating relationships of construction prices in Australia using cointegration analysis Jiang, Heng, Fu, Cuijia and Liu, Chunlu 2010, Investigating relationships of construction prices in Australia using cointegration analysis, in AUBEA 2010 : Construction Management(s) : Proceedings of the 35th Australasian Universities Building Education Association annual conference, AUBEA, Melbourne, Vic., pp. A041 - 1-A041 - 16. Attached Files Name Description MIMEType Size Downloads liu-investigatingrelationshipsof-2010.pdf Published version application/pdf 163.70KB 154 Title Investigating relationships of construction prices in Australia using cointegration analysis Author(s) Jiang, Heng Fu, Cuijia Liu, Chunlu orcid.org/0000-0003-1144-4355 Conference name Australasian Universities Building Education Association. Conference (35th : 2010 : Melbourne, Vic) Conference location Melbourne, Vic. Conference dates 14-16 Jul. 2010 Title of proceedings AUBEA 2010 : Construction Management(s) : Proceedings of the 35th Australasian Universities Building Education Association annual conference Editor(s) [unknown] Publication date 2010 Conference series Australasian Universities Building Education Association Conference Start page A041 - 1 End page A041 - 16 Total pages 16 Publisher AUBEA Place of publication Melbourne, Vic. Keyword(s) cointegration error correction model construction prices diffusion causality Summary Research on construction prices is significant for contractors and traders. A comprehensive understanding of construction prices may influence crucial decisions in business operation and arbitrage activities. This study focuses on the cointegration relationships of regional construction prices in Australia by using a range of econometric techniques including the stationarity test, the Engle-Granger cointegration approach examines the long run equilibrium relationships within the regional markets, and the error correction models explore the short run disequilibrium relationships. Finds of this study reveal that the economic system in which the construction industry participants operate is characterized by a highly competitive, integrated marketplace, Especially in Melbourne and Sydney. But exclude Northern Territory and Queensland. Furthermore, the results of long term relationships estimation suggest that there are 15 pairs of regional construction prices have long term equilibrium relationships. Additionally, the causalities and diffusion among the construction price indices in six states and two territories of Australia are estimated in this study. These outcomes suggest that causal links between regions mainly exist among adjoining states. Notes Every reasonable effort has been made to ensure that permission has been obtained for items included in Deakin Research Online. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au Language eng Field of Research 120201 Building Construction Management and Project Planning Socio Economic Objective 870501 Civil Building Management and Services HERDC Research category E1 Full written paper - refereed HERDC collection year 2010 Copyright notice ©2010, AUBEA Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30033319 Document type: Conference Paper Collections: Faculty of Science, Engineering and Built Environment School of Architecture and Built Environment Open Access Collection Related Links Link Description Connect to published version Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Mon, 14 Mar 2011, 10:51:37 EST Wed, 16 Mar 2011, 09:00:53 EST Tue, 22 Mar 2011, 11:06:46 EST Thu, 31 Mar 2011, 14:19:28 EST Thu, 31 Mar 2011, 14:21:20 EST Thu, 31 Mar 2011, 14:22:06 EST Mon, 04 Apr 2011, 17:11:04 EST Mon, 06 Jun 2011, 14:30:06 EST Mon, 06 Jun 2011, 15:11:26 EST Mon, 06 Jun 2011, 15:12:28 EST Mon, 06 Jun 2011, 15:13:28 EST Mon, 06 Jun 2011, 15:14:44 EST Mon, 06 Jun 2011, 15:18:37 EST Fri, 16 Mar 2012, 18:43:19 EST Thu, 14 Mar 2013, 08:53:50 EST Mon, 03 Jun 2013, 16:53:19 EST Fri, 22 Aug 2014, 15:01:00 EST Tue, 05 Dec 2017, 10:48:04 EST Fri, 07 Sep 2018, 15:19:18 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 965 Abstract Views, 163 File Downloads  -  Detailed Statistics Created: Mon, 14 Mar 2011, 10:51:33 EST by April Wallbank