JOURNAL BROWSE
Search
Advanced SearchSearch Tips
Impact Analysis of Economic Fluctuation of Saudi Arabia on Korean Overseas Construction Business
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
 Title & Authors
Impact Analysis of Economic Fluctuation of Saudi Arabia on Korean Overseas Construction Business
Jeon, Jae-Keun; Lee, Suk-Won; Kim, Jae-Jun;
  PDF(new window)
 Abstract
According to the order receipt report over the past 10 years the overseas construction business total trades were 54.05% and 68.09% done by the Middle East and other industrial facilities respectively. In the Middle East based on data collected in 2014 the country with most overseas construction business is Saudi Arabia with 34.10%, and the industrial facility occupies the larger share with 56%. Overseas construction business is suffering from a reduction in work orders in the Middle East because of the recent oil price reduction. At this point of view, it is necessary to consider economy fluctuation for the diversification of construction type and work orders. This study analyzed, focusing in Saudi Arabia how the economical fluctuations of nations of progress can affect overseas construction business` trade orders. The analysis results demonstrated that most construction types depends on GDP, investment fund. Also industrial facility can be substituted with Architecture and civil engineering. This work is expected to be used as a basis for trade order amount maintenance and construction type diversification.
 Keywords
Overseas Construction Business;Saudi Arabia;Economic Variable;VECM(Vector Error Correction Model);
 Language
Korean
 Cited by
 References
1.
Baek, H. K., Jang, and W. S. (2015). "Pending Issues and Problems."Hyundai Research Institute(HRI).

2.
Park, B. J., Oh, J. K., and Kim, J. J. (2012). "A Study on Influence of Domestic and International Construction Market upon International Construction Projects Order." Architectural Institute of Korea, 28(11), pp. 125-132.

3.
Do, T. H., Choi, M. S., and Kim, M. S. (2012). "An Analysis on Economic Effects of Overseas Construction by Foreign Countries." Journal of KRSA, 28(3), pp. 25-39.

4.
Choi, G. D. (2011). "The Impact of Korean Overseas Construction on Domestic Economy." MS thesis, The Graduate School of Chun-Ang University.

5.
Jung, P. S, (2012). "Correlation Analysis between Overseas 0construction orders and macroeconomic variables using the VAR model." MS thesis, The Graduate School of Engineering Yonsei University.

6.
Park, M. J. (2008). "The Effect of International Oil Price Raise in the Internal Macro-economy." MS thesis, Chun-Ang University.

7.
Kim, H. K. (2005). "The Macro Economic Effect on the Raio of Unsold Condominium." MS thesis, Konkuk University.

8.
Hwang T. K. (2003). "Interjurisdictional Analysis of Housing Price in Seoul Metropolitan Area." MS thesis, Konkuk University.

9.
Park. J. C. (2007). "The Mutual Relationship among Interest, Apartment Prices and Stock Prices by Using VECM." MS thesis, Dong-A University.

10.
Kim, G, J. (2008). "Wealth Effects of Stock and Housing Prices under Uncertainty." Association of Korean Economic Studies, 22, pp. 53-79.

11.
Lee, H, J. (2005). "A Analysis of Financial Economic Timesiries by using E-Views." Kyungmoon.

12.
Lee, H, S. (2007). "Study on the Influence of Macroeconomic Factors upon the Housing Transaction and the Jeonse Rental Index." MS thesis, Kyungwon University.

13.
Park, H. S., Woo, K., and Kim, C. S. (2003). "A Study on the land price fluctuations in Seoul Metropolitan Area." Korea Real Estate Analysis Association, 9(2), pp. 1-13.

14.
Ahn, M. K., Moon, H., and Kim, J. J. (2006). "The Impacts of Construction Investment related Building Permit Area Indicator." Journal of the Architectural Institute of Korea Structure & Construction, 22(12), pp. 155-164.

15.
Byun, I. W., and Kim, Y. S (2012). "An Analysis of Core Competence of Pre-Construction Service of the Making Inroads into Overseas Construction Market", Korean Journal of Construction Engineering and Management, KICEM, 13(2), pp. 80-90. crossref(new window)

16.
Ha, S. W., Lee, S. W., and Kim, J. J (2015). "An Analysis of Competency at Each Phase of PMC for Overseas Architecture Project Using the IPA", Korean Journal of Construction Engineering and Management, KICEM, 16(3), pp. 59-67. crossref(new window)