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Bresnen, M and Marshall, N (2000) Motivation, commitment and the use of incentives in partnerships and alliances. Construction Management and Economics, 18(05), 587-98.
Crosthwaite, D (2000) The global construction market: a cross-sectional analysis. Construction Management and Economics, 18(05), 619-27.
- Type: Journal Article
- Keywords: cross-sectional analysis; economic development; global construction activity; national markets; regional markets
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/014461900407428
- Abstract:
Construction is a major industry throughout the world accounting for a sizeable proportion of most countries gross domestic product (GDP). According to a recent survey, total world construction spending in 1998 was over $3 trillion. Furthermore the importance of the construction sector is related not only to its size but also to its role in economic development. This paper examines the extent of international construction activity, and is based on a cross-sectional analysis of published data pertaining to global construction spending. The principal findings suggest that the role of construction changes as economic development proceeds. It was found that the share of construction spending in GDP first grows during less developed country (LDC) status, peaks during newly industrializing country (NIC) status and then declines as countries move from NIC to advanced industrialized country (AIC) status. The research identifies the importance of construction within NICs. The regions of Asia and Latin America and the countries of China, Mexico, Argentina and Egypt are considered noteworthy in regard to various indicators concerned with construction and economic activity. However, the conclusion is that as economic development proceeds from NIC to AIC status construction fails to maintain its share of GDP and therefore declines in importance.
Fong, P S-W and Choi, S K-Y (2000) Final contractor selection using the analytical hierarchy process. Construction Management and Economics, 18(05), 547-57.
Holm, M G (2000) Service management in housing refurbishment: a theoretical approach. Construction Management and Economics, 18(05), 525-33.
Hoxley, M (2000) Are competitive fee tendering and construction professional service quality mutually exclusive?. Construction Management and Economics, 18(05), 599-605.
Hua, G B and Pin, T H (2000) Forecasting construction industry demand, price and productivity in Singapore: the Box-Jenkins approach. Construction Management and Economics, 18(05), 607-18.
Landin, A (2000) ISO 9001 within the Swedish construction sector. Construction Management and Economics, 18(05), 509-18.
Loosemore, M and Tan, C C (2000) Occupational stereotypes in the construction industry. Construction Management and Economics, 18(05), 559-66.
Love, P E D, Mandal, P, Smith, J and Li, H (2000) Modelling the dynamics of design error induced rework in construction. Construction Management and Economics, 18(05), 567-74.
Munns, A K and Al-Haimus, K M (2000) Estimating using cost significant global cost models. Construction Management and Economics, 18(05), 575-85.
Nicholas, J, Holt, G D and Mihsein, M (2000) Contractor financial credit limits: their derivation and implications for materials suppliers. Construction Management and Economics, 18(05), 535-45.
Odeyinka, H A (2000) An evaluation of the use of insurance in managing construction risks. Construction Management and Economics, 18(05), 519-24.