Time-to-plan lags for commercial construction projects
AbstractWe use a large project-level dataset to estimate the length of the planning period for commercial construction projects in the United States. We find that these time-to-plan lags are long, averaging about 17 months when we aggregate the projects without regard to size and more than 28 months when we weight the projects by their construction cost.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 36393.
Date of creation: Dec 2012
Date of revision:
AEI Economic Policy Working Paper Series;
Other versions of this item:
- Jonathan N. Millar & Stephen D. Oliner & Daniel E. Sichel, 2012. "Time-to plan lags for commercial construction projects," Finance and Economics Discussion Series 2012-34, Board of Governors of the Federal Reserve System (U.S.).
- Jonathan N. Millar & Stephen D. Oliner & Daniel E. Sichel, 2013. "Time-To-Plan Lags for Commercial Construction Projects," NBER Working Papers 19408, National Bureau of Economic Research, Inc.
- A - General Economics and Teaching
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