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Construction demand: a model of research and forecast for Latvia from 2002 to 2025

Author

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  • Skribans, Valerijs

Abstract

In the paper it has been analyzed specific character of building economy; developed a model of branch forecasting, forecast of construction branch in Latvia. The model consists of two parts: formation of demand and supply. The basic role belongs to demand forecasting. Demand form three components: 1) enterprisal demand for industrial construction and other type of construction, 2) demand on dwelling construction and 3) state construction orders. In the paper changes in demand are investigated on the basis of increase of population common well-being level, transition of inhabitants from one income group to another and transition influence on formation of construction demand.

Suggested Citation

  • Skribans, Valerijs, 2003. "Construction demand: a model of research and forecast for Latvia from 2002 to 2025," MPRA Paper 16366, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:16366
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    File URL: https://mpra.ub.uni-muenchen.de/16366/1/MPRA_paper_16366.pdf
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    Citations

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    Cited by:

    1. Skribans, Valerijs, 2009. "Būvniecības nozares prognozēšanas modelis [Construction branch forecasting model]," MPRA Paper 20393, University Library of Munich, Germany, revised 2009.
    2. Skribans, Valerijs, 2010. "Construction industry forecasting system dynamic model," MPRA Paper 27323, University Library of Munich, Germany.
    3. Skribans, Valerijs, 2009. "Latvijas būvniecības nozares uzņēmumu finansiālās stabilitātes novērtēšana [Estimation of the financial stability of the Latvian building industry enterprises]," MPRA Paper 27095, University Library of Munich, Germany.
    4. Skribans, Valerijs, 2003. "Latvijas būvniecības nozares attīstības prognoze [Latvian construction brunch development forecast]," MPRA Paper 26072, University Library of Munich, Germany.
    5. Skribans, Valerijs, 2009. "Iedzīvotāju būvniecības pieprasījuma salīdzināšana Latvijā un Eiropas Savienībā [Householders construction demand comparison for Latvia and European Union]," MPRA Paper 36059, University Library of Munich, Germany.
    6. Skribans, Valerijs, 2010. "Модель Жилищного Строительства В Постсоциалистических Странах На Примере Латвии [Housing model in the post socialistic countries on the example of Latvia]," MPRA Paper 22229, University Library of Munich, Germany.

    More about this item

    Keywords

    construction economy; dynamic simulation; econometric model; forecasting;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models

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