1st Edition

Economics for the Modern Built Environment

Edited By Les Ruddock Copyright 2009
296 Pages
by Routledge

294 Pages
by Routledge

296 Pages
by Routledge

Recent decades have seen a major social and economic changes across the developed world and consequent changes in the construction and property industries. The discipline of construction economics needs to respond to this. For instance, the importance of sustainable development has become recognised, as has the need to increasingly master the medium and long-term consequences of construction, not... Read more

The changing nature of the built environment

Defining the sector: Assessing the value of the built environment in the macroeconomy

The economics of architecture and urban design

Market dynamics between real estate, investment, development and construction

Structures investment and economic growth

The economics of maintenance

Demand versus supply side strategies - in low-income housing

Business, building and property cycles

Impacts of construction and property markets on the macroeconomy

Impacts of fiscal, monetary and regulatory policies

Market modelling and forecasting

Interrelationships of the building and property sectors

The changing nature of the built environment

Globalisation and contagion in the world economy

Theories of investment in property

Trends and cycles in property investment

Regulatory issues

Construction activity and economic development

Aggregate GDP and Construction Value-Added: Quantifying the relationship

Real estate cycles

Input-output economics in the built environment

Construction and property markets in a changing world economy

Biography

Les Ruddock is Professor of Construction and Property Economics, and Associate Dean for Research in the Faculty of Business, Law and the Built Environment, at the University of Salford. He is the Co-ordinator of the CIB (Conseil International du Bâtiment) Task Group on Macroeconomics for Construction.