This paper studies the factors behind pro-cyclical but widely varying construction shares (as a percent of GDP) across countries, with a strong focus on European countries. Using a dataset covering 48 countries (including advanced and emerging economies within and outside Europe) for 1990-2011,...

Rapid urbanisation and economic growth will increase the demand for adequate housing in Indian cities. Mass housing projects can help cater to this need. However, building mass housing using conventional technology is slow, lacks quality and is detrimental for the environment. In contrast, more...