文章基本信息

标题：Analysing the Relationship between New Housing Supply and Residential Construction Costs with Regional Heterogeneities
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作者：Junxiao Liu ; Kerry London
期刊名称：Australasian Journal of Construction Economics and Building
印刷版ISSN：1835-6354
电子版ISSN：1837-9133
出版年度：2011
卷号：11
期号：3
页码：58-67
出版社：University of Technology, Sydney
摘要：New housing supply in Australia has been experiencing a low increasing rate in conjunction with a dramatic increase in residential construction costs since the 1990s. This study aims to estimate the relationship between new housing supply and residential construction costs with the regional heterogeneities. Based on a panel error correction model, it can be identified that there is a causal link and a significant correlation between new housing supply and construction costs in the Australian sub-national housing construction markets. The model developed in this research assists policy makers to better understand the nature of the supply side of the housing sector and then enact appropriate policies to improve the new housing supply in Australia.