Construction demand: a model of research and forecast for Latvia from 2002 to 2025

Valerijs Skribans

MPRA Paper from University Library of Munich, Germany

Abstract: In the paper it has been analyzed specific character of building economy; developed a model of branch forecasting, forecast of construction branch in Latvia. The model consists of two parts: formation of demand and supply. The basic role belongs to demand forecasting. Demand form three components: 1) enterprisal demand for industrial construction and other type of construction, 2) demand on dwelling construction and 3) state construction orders. In the paper changes in demand are investigated on the basis of increase of population common well-being level, transition of inhabitants from one income group to another and transition influence on formation of construction demand.

Keywords: construction economy; dynamic simulation; econometric model; forecasting (search for similar items in EconPapers)
JEL-codes: C51 C53 C67 (search for similar items in EconPapers)
Date: 2003
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published in LU raksti (2003): pp. 90-105

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:16366

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