Synchronicity of global construction cost indexes

• Published in: Engineering, construction, and architectural management Vol. 26; no. 3; pp. 367 - 385
• Main Authors: Zhang, Ruixi, Xing, Jinding, Ye, Kunhui, Lu, Weisheng, Shan, Yongwei
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Publishing Limited 03.04.2019; Emerald Group Publishing Limited
• Subjects: Architectural engineering; Architecture; Building construction; Business cycles; Construction costs; Construction industry; Contractors; Correlation coefficients; Developing countries; Economic growth; Economics; Engineering; GDP; Globalization; Gross Domestic Product; Houses; International; International trade; LDCs; Prices; Project management; Statistical methods; Time synchronization; Trends; Variance analysis; Workforce; Singapore; United Kingdom > UK; United States > US; Japan; Portugal; Mauritius; Spain; Canada; Austria; Netherlands; Turkey; Norway; China; Finland; Denmark; Hong Kong China; Italy; Uganda; Australia; France; Lithuania; Construction; Construction cost index; Vibration; Bidding; Competitiveness; Estimating; International practice; Synchronicity

Purpose The purpose of this paper is to examine the features and tendency of cost indices in the global construction setting. Design/methodology/approach Data from 22 countries/regions are collected and analyzed using maximum variance formulation and Kendall rank correlation coefficient. Findings It...