A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Thai construction industry: Demand and projection
Thailand is fast becoming a newly industrializing country and, consequently, a large number of construction works are projected for the future. This study is an attempt to gain further insight into the demand for construction activities in Thailand. Three types of construction - residential, non-residential and 'other' (mainly public projects) - were considered. The demand function for each type of construction was estimated using regression analysis. Results indicate that rising per capita income, the ratio of consumer price index to the construction cost index, and population are the major determinants of demand for residential construction. The expansion of industrial production capacity and the ratio of corporate savings to the construction cost index are the most significant factors affecting the demand for non-residential construction. The demand of other construction is found to be largely a function of rising revenues of government and of public utilities. Further, projection results indicate that total construction activities in Thailand appear to have a bright future: projected values range from an annual average of 230 481 million Baht to 310 599 million Bahtfor the next 5 five years.
Thai construction industry: Demand and projection
Thailand is fast becoming a newly industrializing country and, consequently, a large number of construction works are projected for the future. This study is an attempt to gain further insight into the demand for construction activities in Thailand. Three types of construction - residential, non-residential and 'other' (mainly public projects) - were considered. The demand function for each type of construction was estimated using regression analysis. Results indicate that rising per capita income, the ratio of consumer price index to the construction cost index, and population are the major determinants of demand for residential construction. The expansion of industrial production capacity and the ratio of corporate savings to the construction cost index are the most significant factors affecting the demand for non-residential construction. The demand of other construction is found to be largely a function of rising revenues of government and of public utilities. Further, projection results indicate that total construction activities in Thailand appear to have a bright future: projected values range from an annual average of 230 481 million Baht to 310 599 million Bahtfor the next 5 five years.
Thai construction industry: Demand and projection
Tang, John C. S. (author) / Karasudhi, Pisidhi (author) / Tachopiyagoon, Porntipa (author)
Construction Management and Economics ; 8 ; 249-257
1990-01-01
9 pages
Article (Journal)
Electronic Resource
English
Explore Owner Organizational Capability in Thai Construction Industry
| Springer Verlag | 2024
Nanotechnology Divides: Development Indicators and Thai Construction Industry
| British Library Conference Proceedings | 2009
Testing Herzberg’s two-factor theory in the Thai construction industry
| Emerald Group Publishing | 2003
Measuring effectiveness of safety programmes in the Thai construction industry
| Online Contents | 2008
Equipment management practices of highway contractors in Thai construction industry
| British Library Conference Proceedings | 2006