While various variables like currency exchange rate, labour input etc make it difficult to distinguish between countries in term of construction productivity, is it still possible to get a ranked synopsis?
Hi Angus Jijingi
There exists distinction across the economies, the governing laws & regulations of different sectors of the economy since, the socio-geographic-economic-political-legal environments are distinct from each other.
Still you can do some comparative analysis of UK with other countries of Construction industry on certain parameters..
I think you consider DEA. I evaluate several industry, airport and public libraries, although I have no research of nations. If you are interested in DEA, you download " Tour guide of my researches" and access researchmap (Japanese DB) by the instraction. You can download about several DEA papers.
There is a paper titled "Comparing Apples to Oranges: Productivity Convergence and Measurement Across Industries and Countries", published in 1996 in the American Economic Review. It could be directly relevant to your work. Good Luck!
Dear Angus,
I cannot tell you specifically about housing but I can tell you that if you are looking for an understanding of Ricardian Rent Theory which affects the housing market so much you can take a look at my paper on Econometric Society Conferences on my Rg page and also on www.citations.springer.com/item?doi=10.1007/PL00004119 where I have provided the factorisation necessary for valuing networks using the opportunity cost of rent. I guess you can reverse the process and the calculation. I hope it helps. Just as a theoretical argument David Ricardo also did not value rent in terms of Real Estate perse but in terms of Commerce or Corn. SKM QC
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