The Construction Sector and Economic Development: The 'Bon Curve'

Ruddock, L and Lopes, J 2006, 'The Construction Sector and Economic Development: The 'Bon Curve'' , Construction Management and Economics, 24 (7) , pp. 717-723.

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The complexities of the relationship between a country's level of construction activity and its stage of economic development are considerable. Studies over the last three decades, based on macroeconomic analysis, have attempted to model the relationship but have usually been hampered by problems of data quality and availability. Nevertheless, paradigms have emerged (usually based on Keynesian philosophy), which are concerned with the dynamics of construction activity as an agent in the promotion of economic growth in economies at different stages of development. One such is the `Bon curve'. An examination of the data issues of attempting to assess the validity of the proposition is made and then the role of the construction sector in highly developed economies is considered.

Item Type: Article
Themes: Subjects / Themes > H Social Sciences > HB Economic Theory
Subjects / Themes > T Technology > TA Engineering (General). Civil engineering (General)
Built and Human Environment
Subjects outside of the University Themes
Schools: Schools > School of the Built Environment
Schools > School of the Built Environment > Centre for Urban Processes, Resilient Infrastructures & Sustainable Environments
Journal or Publication Title: Construction Management and Economics
Publisher: Routledge Taylor Francis
Refereed: Yes
ISSN: 0144-6193
Depositing User: H Kenna
Date Deposited: 19 Sep 2007 10:30
Last Modified: 27 Aug 2021 22:01

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