Skip to main content
Article thumbnail
Location of Repository

The causal relationship between construction workload and construction price

By Fraser Dorward, Akintola Akintoye and Cliff Hardcastle


Based on the Engle-Granger (1987) methodology for cointegration and error correction mechanism models the paper examines causal relationships between the UK construction workload and price. The model tests the intuitive belief that the construction price (tender price index) is a long run determinant of construction workload (new orders) and that the relationship is constantly correcting itself back on to this long run path. The results suggest that there is a relationship between the variables but a very weak one.

DOI identifier: 10.1080/758540119
OAI identifier:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.