Skyscraper Index

The Skyscraper Index is a concept put forward by Andrew Lawrence, a property analyst at Dresdner Kleinwort Wasserstein, in January 1999, which showed that the world's tallest buildings have risen on the eve of economic downturns. Business cycles and skyscraper construction correlate in such a way that investment in skyscrapers peaks when cyclical growth is exhausted and the economy is ready for recession. Mark Thornton's Skyscraper Index Model successfully sent a signal of the late-2000s financial crisis at the beginning of August 2007.

Comment
enThe Skyscraper Index is a concept put forward by Andrew Lawrence, a property analyst at Dresdner Kleinwort Wasserstein, in January 1999, which showed that the world's tallest buildings have risen on the eve of economic downturns. Business cycles and skyscraper construction correlate in such a way that investment in skyscrapers peaks when cyclical growth is exhausted and the economy is ready for recession. Mark Thornton's Skyscraper Index Model successfully sent a signal of the late-2000s financial crisis at the beginning of August 2007.
Has abstract
enThe Skyscraper Index is a concept put forward by Andrew Lawrence, a property analyst at Dresdner Kleinwort Wasserstein, in January 1999, which showed that the world's tallest buildings have risen on the eve of economic downturns. Business cycles and skyscraper construction correlate in such a way that investment in skyscrapers peaks when cyclical growth is exhausted and the economy is ready for recession. Mark Thornton's Skyscraper Index Model successfully sent a signal of the late-2000s financial crisis at the beginning of August 2007. The buildings may actually be completed after the onset of the recession or later, when another business cycle pulls the economy up, or even cancelled. Unlike earlier instances of similar reasoning ("height is a barometer of boom"), Lawrence used skyscraper projects as a predictor of economic crisis, not boom. One statistical study found that the height of buildings is not an accurate predictor of recessions or other aspects of the business cycle, but that GDP can predict the height of building construction.
Hypernym
Concept
Is primary topic of
Skyscraper Index
Label
enSkyscraper Index
Link from a Wikipage to an external page
books.google.com/books%3Fid=8ITT7GXSQnIC
mises.org/journals/qjae/pdf/qjae13_4_4.pdf
mises.org/journals/qjae/pdf/qjae8_1_4.pdf
online.barrons.com/article/SB50001424053111903747504579183851004293202.html%3Fmod=googlenews_barrons%7Cquote=The
Link from a Wikipage to another Wikipage
1973–1974 stock market crash
1973 oil crisis
1997 Asian Financial Crisis
40 Wall Street
Austrian Business Cycle Theory
Barron's (newspaper)
Burj Khalifa
Business cycle
C. Northcote Parkinson
Carol Willis (architectural historian)
Category:1999 introductions
Category:Business cycle
Category:Economic indicators
Category:Skyscrapers
Chrysler Building
Cointegration
Dresdner Kleinwort Wasserstein
Early 1980s recession
Empire State Building
Fawlty Towers
Fortune (magazine)
Gross domestic product
Gross Domestic Product
History of the tallest buildings in the world
Homer Hoyt
Interest rate
Jason Barr
List of cities with the most skyscrapers
List of tallest buildings and structures in the world
List of tallest buildings in the world
List of tallest freestanding structures in the world
Manhattan
Mark Thornton
Metropolitan Life Insurance Company Tower
Monetary expansion
New York Times Building
One World Trade Center
Overbuilding
Overinvestment
Panic of 1907
Petronas Twin Towers
Post-World War I recession
Ralph Nelson Elliott
Recession
Recession of 1937
Richard Cantillon
Sears Tower
Singer Building
Skyscraper
Skyscraper Indicator
Speculation
Speculative fever
The Daily Telegraph
Vector autoregression
Wall Street Crash of 1929
Woolworth Building
World Trade Center (1973–2001)
SameAs
553zg
Chỉ số nhà chọc trời
Índice de los rascacielos
m.05b0st
Q932213
Skyscraper Index
Skyscraper Index
Wolkenkratzer-Index
Небоскрёб-индекс
마천루의 저주
Subject
Category:1999 introductions
Category:Business cycle
Category:Economic indicators
Category:Skyscrapers
WasDerivedFrom
Skyscraper Index?oldid=1096339549&ns=0
WikiPageLength
14125
Wikipage page ID
20929142
Wikipage revision ID
1096339549
WikiPageUsesTemplate
Template:Cite book
Template:Cite journal
Template:For
Template:Portal
Template:Reflist
Template:Short description