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@article{ART001139032},
author={김의준 and Jeong-whan Lee and Park, Seungkyu},
title={Structural Change in Sectoral Investment Expenditures of Korean Construction Market},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2004},
volume={43},
pages={8-8}

TY - JOUR
AU - 김의준
AU - Jeong-whan Lee
AU - Park, Seungkyu
TI - Structural Change in Sectoral Investment Expenditures of Korean Construction Market
JO - The Korea Spatial Planning Review
PY - 2004
VL - 43
IS - null
PB - 국토연구원
SP - 8
EP - 8
SN - 1229-8638
AB - his paper analyzes a structural change and a stability in values of construction orders received in Korea from the first quarter of 1976 to the first quarter of 2002, using the ADF test and LR test for structural breaks. The Results of Likelihood Ratio Test shows that the break points are the fourth quarter of 1993 for the architecture sector, the fourth quarter of 1997 for the seaport/airport and the railroad sector, the first quarter of 1998 for the road/bridge sector, and the first quarter of 1995 for the water/sewage sector. Also, the significant structural change occurred in the foreign construction market in 1983. These are attributed to 1) the Housing Construction Plan(1988～1992) to build up two million housing, 2) the 1997's financial crisis in Korea which caused high interest and foreign exchange rates, and 3) world's economic recovery and slowdown in the Middle East construction industry in 1983. The Comprehensive National Physical Development Plans(1992～2001) could induce up and down of construction investments in the regional markets, focusing on the promotion of the nationally balanced development.
KW -
DO -
UR -
ER -

김의준, Jeong-whan Lee and Park, Seungkyu. (2004). Structural Change in Sectoral Investment Expenditures of Korean Construction Market. The Korea Spatial Planning Review, 43, 8-8.

김의준, Jeong-whan Lee and Park, Seungkyu. 2004, "Structural Change in Sectoral Investment Expenditures of Korean Construction Market", The Korea Spatial Planning Review, vol.43, pp.8-8.

김의준, Jeong-whan Lee, Park, Seungkyu "Structural Change in Sectoral Investment Expenditures of Korean Construction Market" The Korea Spatial Planning Review 43 pp.8-8 (2004) : 8.

김의준, Jeong-whan Lee, Park, Seungkyu. Structural Change in Sectoral Investment Expenditures of Korean Construction Market. 2004; 43 8-8.

김의준, Jeong-whan Lee and Park, Seungkyu. "Structural Change in Sectoral Investment Expenditures of Korean Construction Market" The Korea Spatial Planning Review 43(2004) : 8-8.

김의준; Jeong-whan Lee; Park, Seungkyu. Structural Change in Sectoral Investment Expenditures of Korean Construction Market. The Korea Spatial Planning Review, 43, 8-8.

김의준; Jeong-whan Lee; Park, Seungkyu. Structural Change in Sectoral Investment Expenditures of Korean Construction Market. The Korea Spatial Planning Review. 2004; 43 8-8.

김의준, Jeong-whan Lee, Park, Seungkyu. Structural Change in Sectoral Investment Expenditures of Korean Construction Market. 2004; 43 8-8.

김의준, Jeong-whan Lee and Park, Seungkyu. "Structural Change in Sectoral Investment Expenditures of Korean Construction Market" The Korea Spatial Planning Review 43(2004) : 8-8.