Publicação
Investment in construction and economic growth: a long-term perspective
| Resumo: | The role of construction in economic growth and development has been addressed by various writers and international bodies, many of whom have focused in developing countries (Turin, 1973; World Bank, 1984; Wells, 1986; Bon, 1990). Bon (1992), analysed the changing role of the construction sector at various stages of economic development and presented a development pattern for the industry based on the stage of development of a country’s economy. The main aspects of the proposition were that, in the early stages of the economic development, the share of construction in gross domestic product (GDP) increases but ultimately decreases in industrially advanced countries. Turin and Wells, using cross-country comparisons, both found an association between construction investment and economic growth. That finding was consistent with the classical approach in growth theory in which physical capital formation is the main engine of economic growth and development. In the aftermath of the !979-980 oil-shock and the international financial crisis that followed in 1981, most of Sub- Saharan African countries experienced until the mid-1990s a decreasing growth in per capita national income, despite heavy investment in construction and other physical capital over the preceding decade. |
|---|---|
| Autores principais: | Lopes, Jorge |
| Assunto: | Construction economic growth |
| Ano: | 2009 |
| País: | Portugal |
| Tipo de documento: | capítulo de livro |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Instituto Politécnico de Bragança |
| Idioma: | inglês |
| Origem: | Biblioteca Digital do IPB |
| _version_ | 1867172999710375936 |
|---|---|
| author | Lopes, Jorge |
| author_facet | Lopes, Jorge |
| author_role | author |
| contributor_name_str_mv | Biblioteca Digital do IPB |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Lopes, Jorge\",\"Person.identifier.orcid\":\"0000-0002-4799-0166\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Biblioteca Digital do IPB |
| datacite.creators.creator.creatorName.fl_str_mv | Lopes, Jorge |
| datacite.date.Accepted.fl_str_mv | 2009-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2012-09-14T08:12:31Z |
| datacite.date.embargoed.fl_str_mv | 2012-09-14T08:12:31Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Construction economic growth |
| datacite.titles.title.fl_str_mv | Investment in construction and economic growth: a long-term perspective |
| dc.contributor.none.fl_str_mv | Biblioteca Digital do IPB |
| dc.creator.none.fl_str_mv | Lopes, Jorge |
| dc.date.Accepted.fl_str_mv | 2009-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2012-09-14T08:12:31Z |
| dc.date.embargoed.fl_str_mv | 2012-09-14T08:12:31Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10198/7543 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | Taylor & Francis |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Construction economic growth |
| dc.title.fl_str_mv | Investment in construction and economic growth: a long-term perspective |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_3248 |
| description | The role of construction in economic growth and development has been addressed by various writers and international bodies, many of whom have focused in developing countries (Turin, 1973; World Bank, 1984; Wells, 1986; Bon, 1990). Bon (1992), analysed the changing role of the construction sector at various stages of economic development and presented a development pattern for the industry based on the stage of development of a country’s economy. The main aspects of the proposition were that, in the early stages of the economic development, the share of construction in gross domestic product (GDP) increases but ultimately decreases in industrially advanced countries. Turin and Wells, using cross-country comparisons, both found an association between construction investment and economic growth. That finding was consistent with the classical approach in growth theory in which physical capital formation is the main engine of economic growth and development. In the aftermath of the !979-980 oil-shock and the international financial crisis that followed in 1981, most of Sub- Saharan African countries experienced until the mid-1990s a decreasing growth in per capita national income, despite heavy investment in construction and other physical capital over the preceding decade. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | bookPart |
| fulltext.url.fl_str_mv | https://bibliotecadigital.ipb.pt/bitstreams/0d0aa370-1cd7-4069-a9bb-5082e9b4af14/download |
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| identifier.url.fl_str_mv | http://hdl.handle.net/10198/7543 |
| instacron_str | ipb |
| institution | Instituto Politécnico de Bragança |
| instname_str | Instituto Politécnico de Bragança |
| language | eng |
| network_acronym_str | ipb |
| network_name_str | Biblioteca Digital do IPB |
| oai_identifier_str | oai:bibliotecadigital.ipb.pt:10198/7543 |
| organization_str_mv | urn:organizationAcronym:ipb |
| person_str_mv | Lopes, Jorge Lopes, Jorge https://www.ciencia-id.pt/C717-48BF-73F7 C717-48BF-73F7 http://orcid.org/0000-0002-4799-0166 0000-0002-4799-0166 |
| publishDate | 2009 |
| publisher.none.fl_str_mv | Taylor & Francis |
| reponame_str | Biblioteca Digital do IPB |
| repository_id_str | urn:repositoryAcronym:ipb |
| service_str_mv | urn:repositoryAcronym:ipb |
| spelling | engTaylor & FrancisThe role of construction in economic growth and development has been addressed by various writers and international bodies, many of whom have focused in developing countries (Turin, 1973; World Bank, 1984; Wells, 1986; Bon, 1990). Bon (1992), analysed the changing role of the construction sector at various stages of economic development and presented a development pattern for the industry based on the stage of development of a country’s economy. The main aspects of the proposition were that, in the early stages of the economic development, the share of construction in gross domestic product (GDP) increases but ultimately decreases in industrially advanced countries. Turin and Wells, using cross-country comparisons, both found an association between construction investment and economic growth. That finding was consistent with the classical approach in growth theory in which physical capital formation is the main engine of economic growth and development. In the aftermath of the !979-980 oil-shock and the international financial crisis that followed in 1981, most of Sub- Saharan African countries experienced until the mid-1990s a decreasing growth in per capita national income, despite heavy investment in construction and other physical capital over the preceding decade.application/pdfporInvestment in construction and economic growth: a long-term perspectivePersonalLopes, JorgeDSpacehttp://dspace.org/items/00b52a70-b4c9-4bcb-ba11-8736c0690411DSpacehttp://dspace.org/items/00b52a70-b4c9-4bcb-ba11-8736c0690411LopesJorgeCiência IDhttps://www.ciencia-id.ptC717-48BF-73F7ORCIDhttp://orcid.org0000-0002-4799-0166Researcher IDhttps://www.researcherid.comAAK-2127-2020Scopus Author IDhttps://www.scopus.com7202732761HostingInstitutionOrganizationalBiblioteca Digital do IPBe-mailmailto:dspace@ipb.ptdspace@ipb.ptISBNIsPartOf978-0-415-45425-42012-09-14T08:12:31Z20092009-01-01T00:00:00ZHandlehttp://hdl.handle.net/10198/7543http://purl.org/coar/access_right/c_abf2open accessConstruction economic growth726392 bytesliteraturehttp://purl.org/coar/resource_type/c_3248book parthttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://bibliotecadigital.ipb.pt/bitstreams/0d0aa370-1cd7-4069-a9bb-5082e9b4af14/downloadEconomics for the Modern Buill Environment94112Reino Unido |
| spellingShingle | Investment in construction and economic growth: a long-term perspective Lopes, Jorge Construction economic growth |
| status | SINGLETON |
| subject.fl_str_mv | Construction economic growth |
| title | Investment in construction and economic growth: a long-term perspective |
| title_full | Investment in construction and economic growth: a long-term perspective |
| title_fullStr | Investment in construction and economic growth: a long-term perspective |
| title_full_unstemmed | Investment in construction and economic growth: a long-term perspective |
| title_short | Investment in construction and economic growth: a long-term perspective |
| title_sort | Investment in construction and economic growth: a long-term perspective |
| topic | Construction economic growth |
| topic_facet | Construction economic growth |
| url | http://hdl.handle.net/10198/7543 |
| visible | 1 |