Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.habitatint.2010.06.003
Title: Role of construction in economic development: Review of key concepts in the past 40 years
Authors: Giang, D.T.H.
Sui Pheng, L. 
Keywords: Adaptive capacities
Construction
Developing countries
Economic development
Linkages
Issue Date: 2011
Citation: Giang, D.T.H., Sui Pheng, L. (2011). Role of construction in economic development: Review of key concepts in the past 40 years. Habitat International 35 (1) : 118-125. ScholarBank@NUS Repository. https://doi.org/10.1016/j.habitatint.2010.06.003
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. © 2010 Elsevier Ltd.
Source Title: Habitat International
URI: http://scholarbank.nus.edu.sg/handle/10635/45828
ISSN: 01973975
DOI: 10.1016/j.habitatint.2010.06.003
Appears in Collections:Staff Publications

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