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The Impact of Weather on the Construction Sector Output Variations, 1955-1989

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Abstract

This paper uses semiparametric time-series methods to model the non-linear effects of weather variations on the output growth rate of the construction sector. The study is undertaken at both the annual and quarterly frequencies; the results show that weather shocks have significant effects on both the annual and quarterly growth rate of construction output. Such sector-specific growth shocks are likely to have an independent effect on macroeconomic fluctuations.

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Bibliographic Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 9722.

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Date of creation: Sep 1997
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Handle: RePEc:cam:camdae:9722

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Web page: http://www.econ.cam.ac.uk/index.htm

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Cited by:
  1. Melanie Arntz & Ralf Wilke, . "Can public employment subsidies render the German construction sector weather proof?," Discussion Papers 09/06, University of Nottingham, School of Economics.
  2. Wilke, Ralf A. & Arntz, Melanie, 2008. "How Weather-Proof is the Construction Sector? Empirical Evidence from Germany," ZEW Discussion Papers 08-105, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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