Construction and real estate in Thai regional development

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dc.contributor.authorBudsayaplakorn,Saksit
dc.contributor.authorSompornserm,Thana
dc.date.accessioned2025-11-21T07:43:45Z
dc.date.available2025-11-21T07:43:45Z
dc.date.issued2016-08-20
dc.description.abstractThis paper analyzes structural relationships among growth of construction and real estate sectors with various macroeconomic and regional economic variables in Thailand. A Pooled Vector Auto-regressive Model was estimated using quarterly data in six regions of Thailand for the period 2010-2014. The results of the econometric estimation indicate that the structure of construction and real estate sectors of Thailand and regional economic growth depend on business confidence. Moreover, it was revealed that the lag of regional real estate adjustment was eight quarters, and economic adjustment was slow and highly volatile. The results suggest that consideration of the real estate loans of commercial bank as a policy variable to stimulate regional development would not be an effective strategy for the government. Direct productivity improvement to boost growth in real gross regional product will be necessary.
dc.identifier.citationProceedings of the Asian Economic Symposium (AES)-2016, University of Peradeniya,P 73-84
dc.identifier.urihttps://ir.lib.pdn.ac.lk/handle/20.500.14444/6923
dc.language.isoen
dc.publisherUniversity of Peradeniya
dc.subjectConstruction
dc.subjectReal Estate
dc.subjectVector Autoregressive Model
dc.subjectThailand
dc.titleConstruction and real estate in Thai regional development
dc.typeArticle

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