Weather Impacts on the Construction Sector, 1855-1913

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 effects of weather variations on the output growth rate of the construction sector. The paper also employs structural time-series methods to model the cyclical paths of weather variables and uses this information to evaluate the effects of random and cyclical weather shocks on construction sector output. The results suggest a significant weather effect on the construction sector that adds exogenous sector-specific effects to macroeconomic business cycles.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:9813

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