What is it about?
This article make use of a unique construction (building) cost index data which has been largely unexplored in the Ghanaian literature to study the correlation between construction inflation and consumer inflation and exchange rate.
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Why is it important?
We sought to align the movement in the construction inflation with two macroeconomic indicators: consumer inflation and exchange rate. This is important because a lot of construction budgets do not consider price forecast due to unavailable data and depend on inflation and exchange rate.
Perspectives
The article focuses on Ghana as a case study.
Professor ERIC Fosu OTENG-ABAYIE
Kwame Nkrumah University of Science and Technology
Read the Original
This page is a summary of: Time-frequency domain causality of prime building cost and macroeconomic indicators in Ghana: implications for project selection, Construction Management and Economics, October 2018, Taylor & Francis,
DOI: 10.1080/01446193.2018.1514125.
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