Convergence among the sub-markets in Australian regional building and construction sector

Studies on market convergence are well considered in the literature. However, the majority of the previous research focused on housing markets and few studies have concentrated on construction markets. Owing to a simultaneously dramatic increase in the construction prices of the sub-markets in the building construction sector in Australia, this paper aims to identify the convergence among these markets, involving house construction market, other-residential building construction market, and non-residential building construction market. To achieve it the Granger causality test and generalized response function depending on the vector error correction model with the quarterly data of Australia’s eight states from 1998 to 2010 will be applied. Based upon the econometric tests, the price diffusion patterns among these construction markets have been identified. Research on the convergences of construction markets not only helps construction firms perform well in business operations and arbitrage activities, but also provides policy makers with useful information for enacting effective construction policies for national perspectives and approaches to infrastructure planning.

Australian waterbirds : time and space travellers in dynamic desert landscapes

Australia’s waterbirds are mostly nomadic, capitalising on highly variable aquatic resources in the arid interior (70% of the continent) for feeding and breeding. Waterbirds, unlike most aquatic organisms, can move between catchments, exploiting habitat wherever it occurs. In Australia, patterns of resource availability for waterbirds are mostly pulsed with peaks of productivity, coinciding with flooding and differing in time and space, affecting individuals, species and functional groups of waterbirds. Australian waterbirds are no different from waterbirds elsewhere, with their behaviour reflecting broad-scale resource availability. They respond to changing patterns of resource distribution, with rapid movements at spatial and temporal scales commensurate with the dynamics of the resource. The most serious conservation threat to waterbirds is a bottleneck in resource availability, leading to population declines, increasingly forced by anthropogenic impacts. River regulation and other threats (e.g. draining) reduce the availability of wetland habitat and decrease the probability of viable resource patches. It is axiomatic that waterbirds need water and such population bottlenecks may occur when the availability of water across the continent is limited. The rehabilitation of regulated rivers with environmental flows and protection of naturally flowing rivers in the arid region are essential for long-term sustainability of Australia’s waterbird populations.