The Impact of Weather on the Construction Sector Output Variations, 1955-1989
Solomos Solomou and
W. Wu
Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge
Abstract:
This paper uses semiparametric time-series methods to model the non-linear effects of weather variations on the output growth rate of the construction sector. The study is undertaken at both the annual and quarterly frequencies; the results show that weather shocks have significant effects on both the annual and quarterly growth rate of construction output. Such sector-specific growth shocks are likely to have an independent effect on macroeconomic fluctuations.
Date: 1997-09
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:9722
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