ABSTRACT
Significantly none of the studies mentioned
above investigated the effects of the single market/
single currency on construction costs. In this
paper construction costs for two common build-
ing types are compared between two sets of EU
countries: countries that have replaced their tradi-
tional national currency with the euro (Group 1)
and countries that have not (Group 2). The aim
of this paper is to describe the theory underlying
price convergence and its applicability or otherwise
to construction, the dataset, and the methods used
to assess whether there is evidence of price conver-
gence in construction costs over time within either
of the country groups.
