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

Skribans, Valerijs (2003): Construction demand: a model of research and forecast for Latvia from 2002 to 2025. Published in: LU raksti (2003): pp. 90-105.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: construction economy, dynamic simulation, econometric model, forecasting
• Subjects: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C53 - Forecasting and Prediction Methods ; Simulation Methods; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67 - Input-Output Models

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