An economic analysis of construction industries producer prices in Australia Fu, Cuijia and Liu, Chunlu 2010, An economic analysis of construction industries producer prices in Australia, International journal of economics and finance, vol. 2, no. 3, pp. 3-14. Attached Files Name Description MIMEType Size Downloads liu-aneconomicanalysis-2010.pdf Published version application/pdf 263.36KB 292 Title An economic analysis of construction industries producer prices in Australia Author(s) Fu, Cuijia Liu, Chunlu orcid.org/0000-0003-1144-4355 Journal name International journal of economics and finance Volume number 2 Issue number 3 Start page 3 End page 14 Total pages 12 Publisher Canadian Center of Science and Education Place of publication Toronto, Canada Publication date 2010-08 ISSN 1059-0560 1916-9728 Keyword(s) cointegration error correction model construction prices diffusion pattern causality Australian 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 and error correction model. The cointegration relationships amongst the regional construction prices are detected in this study. The application of 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. Results of this study suggest that the economic system in which construction industry participants operate is characterised by a highly competitive integrated marketplace. Furthermore, the causalities and diffusion patterns among the construction price indices in six states and two territories of Australia are drawn by the cointegration analysis. These outcomes reveal a pattern of diffusion paths and network linkages among the six states and two territories, and then expose the regional price linkages. Notes Reproduced with the specific permission of the copyright owner. Language eng Field of Research 120201 Building Construction Management and Project Planning Socio Economic Objective 870501 Civil Building Management and Services HERDC Research category C1 Refereed article in a scholarly journal HERDC collection year 2010 Copyright notice ©2010, Canadian Center of Science and Education (CCSE) Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30033330 Document type: Journal Article 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 (restricted access) 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, 12:38:19 EST Tue, 15 Mar 2011, 10:08:52 EST Wed, 16 Mar 2011, 09:47:22 EST Tue, 22 Mar 2011, 10:39:02 EST Wed, 23 Mar 2011, 11:02:21 EST Wed, 23 Mar 2011, 11:02:51 EST Wed, 23 Mar 2011, 11:20:30 EST Wed, 23 Mar 2011, 11:26:51 EST Wed, 23 Mar 2011, 11:27:50 EST Mon, 03 Jun 2013, 16:42:43 EST Mon, 16 Jun 2014, 17:33:26 EST Tue, 06 Sep 2016, 16:40:46 EST Tue, 05 Dec 2017, 10:48:06 EST Fri, 07 Sep 2018, 15:19:28 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 1149 Abstract Views, 296 File Downloads  -  Detailed Statistics Created: Mon, 14 Mar 2011, 12:38:14 EST by April Wallbank