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Chan, S L (2002) Responses of selected economic indicators to construction output shocks: the case of Singapore. Construction Management and Economics, 20(06), 523-33.

  • Type: Journal Article
  • Keywords: construction price determination; tendering theory; construction economics; number of bidders
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190210156091
  • Abstract:

    The volume of construction output fluctuates in response to changes in demand and supply conditions. Due to the multiple linkages that the construction industry has with other economic sectors and the entire economy, the output shock is propagated through the economic system and reflected in several economic indicators, such as the outputs of other sectors, balance of payments and general prices. A study is reported on the short-term responses of some economic indicators in Singapore following a shock in the construction output, using the Granger causality approach, the impulse response function and variance decomposition analysis. Construction output shock had significant impact on the outputs of the commerce sector and ’other services’. The heavy reliance of the Singapore construction industry on imported inputs has a direct impact on the balance of payments

Emsley, M W, Lowe, D J, Duff, A R, Harding, A and Hickson, A (2002) Data modelling and the application of a neural network approach to the prediction of total construction costs. Construction Management and Economics, 20(06), 465-72.

Goulding, J S and Al-Shawi, M (2002) Generic and specific IT training: a process protocol model for construction. Construction Management and Economics, 20(06), 493-505.

Lingard, H and Sublet, A (2002) The impact of job and organizational demands on marital or relationship satisfaction and conflict among Australia civil engineers. Construction Management and Economics, 20(06), 507-21.

Marzouk, M and Moselhi, O (2002) Simulation optimization for earthmoving operations using genetic algorithms. Construction Management and Economics, 20(06), 535-43.

Ngai, S C, Drew, D S, Low, H P and Skitmore, M (2002) A theoretical framework for determining the minimum number of bidders in construction bidding competitions. Construction Management and Economics, 20(06), 473-82.

Shi, J J (2002) Three methods for verifying and validating the simulation of a construction operation. Construction Management and Economics, 20(06), 483-91.