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Approach of Cross-Country Comparisons on Residential Construction Industry for China
Abstract:
In cross-country comparisons of construction economy, the purchasing power parity index as a currency conversion coefficient can substitute for the exchange rates reduce construction price distortions. According to BOCC method, the special development conditions of residential construction industry for China and the regional differences of non-tradable goods, we propose the practices estimating purchasing power parity for the basic building, small and micro engineering between the countries of geographical proximity, which help the development of space index of China's construction cost and are an effective ways to accelerate contacts with the international construction market.
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2510-2513
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Online since:
July 2014
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© 2014 Trans Tech Publications Ltd. All Rights Reserved
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