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A Casual [Causal] Relationship Between Building Maintenance Market And Gdp: Hong Kong Study, Yong-Tao Tan, Liyin Shen, Craig Langston
A Casual [Causal] Relationship Between Building Maintenance Market And Gdp: Hong Kong Study, Yong-Tao Tan, Liyin Shen, Craig Langston
Craig Langston
Purpose: The purpose of this paper is to examine the causal relationship between the building maintenance market and GDP in Hong Kong. Design/methodology/approach: The Granger causality test is used to investigate the lead-lag relationships between the maintenance and repair work and GDP in Hong Kong. With regression analysis, the future trend of the maintenance market is forecasted. Findings: The results show that the growth of the economy will lead to the growth of the maintenance market, not vice-versa. And the building maintenance market in Hong Kong will keep increasing with the economy growth. Originality/value: This paper shows that the growth …