File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
  • Find via Find It@HKUL
Supplementary

Article: Synchronicity of global construction cost indexes

TitleSynchronicity of global construction cost indexes
Authors
Issue Date2018
PublisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/ecam.htm
Citation
Engineering, Construction and Architectural Management (Forthcoming) How to Cite?
AbstractPurpose - The aim of this research is to examine the features and tendency of cost indices in the global construction setting. Design/methodology/approach - Data from 22 countries/regions are collected and analyzed using maximum variance formulation and Kendall rank correlation coefficient. Findings - It is found that global CCIs (Construction Cost Indexes) have commonly maintained a steady increase for decades, and the CCIs synchronize with each other. Overall synchronicity and synchronicity of different countries pairs have increased with time significantly Research limitations/implications - The major limitation however is the availability of data: (1) only 22 regions/countries are examined, (2) the distribution of these regions/countries is imbalanced between different continents, and (3) various indices are adopted around the world, of which statistical methods are not same. Practical implications - The implication is that a better perception of CCIs enables contractors to have a robust estimation for bidding prices and to improve the efficiency of construction projects management. The research findings also provide a useful reference for those countries that have not established construction cost indices databases to forecast the tendency of domestic construction industries. Originality/value - This paper contributes to the overall body of knowledge by presenting the co-movement of global CCIs and measuring the changes of CCI synchronicity with time and in different countries pairs.
Persistent Identifierhttp://hdl.handle.net/10722/261142
ISSN
2017 Impact Factor: 1.613
2015 SCImago Journal Rankings: 0.541

 

DC FieldValueLanguage
dc.contributor.authorZhang, R-
dc.contributor.authorXing, J-
dc.contributor.authorYe, K-
dc.contributor.authorLu, W-
dc.contributor.authorShan, YW-
dc.date.accessioned2018-09-14T08:53:12Z-
dc.date.available2018-09-14T08:53:12Z-
dc.date.issued2018-
dc.identifier.citationEngineering, Construction and Architectural Management (Forthcoming)-
dc.identifier.issn0969-9988-
dc.identifier.urihttp://hdl.handle.net/10722/261142-
dc.description.abstractPurpose - The aim of this research is to examine the features and tendency of cost indices in the global construction setting. Design/methodology/approach - Data from 22 countries/regions are collected and analyzed using maximum variance formulation and Kendall rank correlation coefficient. Findings - It is found that global CCIs (Construction Cost Indexes) have commonly maintained a steady increase for decades, and the CCIs synchronize with each other. Overall synchronicity and synchronicity of different countries pairs have increased with time significantly Research limitations/implications - The major limitation however is the availability of data: (1) only 22 regions/countries are examined, (2) the distribution of these regions/countries is imbalanced between different continents, and (3) various indices are adopted around the world, of which statistical methods are not same. Practical implications - The implication is that a better perception of CCIs enables contractors to have a robust estimation for bidding prices and to improve the efficiency of construction projects management. The research findings also provide a useful reference for those countries that have not established construction cost indices databases to forecast the tendency of domestic construction industries. Originality/value - This paper contributes to the overall body of knowledge by presenting the co-movement of global CCIs and measuring the changes of CCI synchronicity with time and in different countries pairs.-
dc.languageeng-
dc.publisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/ecam.htm-
dc.relation.ispartofEngineering, Construction and Architectural Management-
dc.titleSynchronicity of global construction cost indexes-
dc.typeArticle-
dc.identifier.emailLu, W: wilsonlu@hku.hk-
dc.identifier.authorityLu, W=rp01362-
dc.identifier.hkuros290408-
dc.publisher.placeUnited Kingdom-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats