Business Cycles and Construction

Graham J. Ive and Stephen L. Gruneberg
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Graham J. Ive: University College London
Stephen L. Gruneberg: University College London

Chapter 10 in The Economics of the Modern Construction Sector, 2000, pp 222-259 from Palgrave Macmillan

Abstract: Abstract Variations in aggregate construction demand follow a cyclical pattern, as does demand in the economy as a whole. We develop a business cycle-based explanation of the cycles in construction demand, and advance a profits-based model of the endogenous operation of the business cycle.

Keywords: Business Cycle; House Price; Capital Stock; Construction Industry; Current Prex (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51091-3_10

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DOI: 10.1057/9780230510913_10

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