The relationship between the performance of the economy and the cost of construction of educational buildings in Egypt: A Preliminary Study

M. Salama, A. Kaka, C. Leishman

Research output: Chapter in Book/Report/Conference proceedingChapter

4 Citations (Scopus)

Abstract

The relationship between macro, international and local economic variables and the construction industry outcomes in Egypt is investigated. In 1992, Egypt launched a national project for the construction of educational buildings. This involved the construction of 1500 standardised design schools every year. From 1999, Egypt started to experience unfavourable economic conditions, ultimately leading to two currency devaluations during the period 2001-2003. The value of the fixed exchange rate currency settled at nearly 50% of its previous value. This research draws on a unique panel dataset in which each observation describes the cost and specification of an educational construction project. This allows design factors to be effectively standardised. The dataset is rich in variation in terms of economic variables. This permits the analysis to examine the impact of both economic variables and local factors on project cost. The paper concludes by mapping out future and ongoing work aimed at establishing and developing an analytical tool likely to have considerable value to planning authorities and construction industry stakeholders.
Original languageEnglish
Title of host publicationAssociation of Researchers in Construction Management 2005 - Proceedings of the 21st Annual ARCOM Conference
PublisherARCOM
Pages731-740
Number of pages10
Volume2
ISBN (Print)9780902896932
Publication statusPublished - Sep 2005

Publication series

NameAssociation of Researchers in Construction Management, ARCOM 2005 - Proceedings of the 21st Annual Conference
Volume2

Keywords

  • Building economics
  • Educational buildings
  • Egypt

Fingerprint Dive into the research topics of 'The relationship between the performance of the economy and the cost of construction of educational buildings in Egypt: A Preliminary Study'. Together they form a unique fingerprint.

  • Cite this

    Salama, M., Kaka, A., & Leishman, C. (2005). The relationship between the performance of the economy and the cost of construction of educational buildings in Egypt: A Preliminary Study. In Association of Researchers in Construction Management 2005 - Proceedings of the 21st Annual ARCOM Conference (Vol. 2, pp. 731-740). (Association of Researchers in Construction Management, ARCOM 2005 - Proceedings of the 21st Annual Conference; Vol. 2). ARCOM. http://www.mendeley.com/research/relationship-between-performance-economy-cost-construction-educational-buildings-egypt-preliminary-s