Analyzing the Impact of Price Fluctuation of Nonferrous Metal Materials on Sectoral Construction Cost

비철금속자재 가격의 변동이 업종별 건설공사비에 미치는 영향 분석

Changes in the price of materials in construction projects is one of the important variables. Therefore, measures are necessary to respond to the demand and supply of materials and price instability. In previous studies, mainly of ready-mix concrete and steel beam analysis was carried out. However, a study of non-ferrous material prices are still insufficient. So, in this study, the researcher identified the causal relationship between the construction cost and non-ferrous materials prices. Construction Cost Index was selected as a proxy variable of construction cost.