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    Role of construction in economic development: Review of key concepts in the past 40 years

    Access Status
    Fulltext not available
    Authors
    Dang, Giang
    Date
    2015
    Type
    Journal Article
    
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    Citation
    Dang, G. 2015. Role of construction in economic development: Review of key concepts in the past 40 years. Habitat International. 35 (1): pp. 118-125.
    Source Title
    Habitat International
    DOI
    10.1016/j.habitatint.2010.06.003
    ISSN
    0197-3975
    School
    CBS International
    URI
    http://hdl.handle.net/20.500.11937/39561
    Collection
    • Curtin Research Publications
    Abstract

    This paper reviews the studies completed in the past four decades which examined the role of the construction industry in economic development. Findings from these studies demonstrated the significant relationship between the construction industry and economic growth in developing countries. These findings also suggested that the relationship appears to be more complicated than originally thought. It was noted that further expansion of the construction industry beyond the adaptive capacity of the economy will only waste national resources. Little is known about the impact that the adaptive capacities of other sectors in the economy have on the construction sector. This knowledge gap requires further study in order to formulate a more effective long-term strategy for construction industry development.

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