Saka, N; Saka, A B; Akinradewo, O and Aigbavboa, C O (2024) Impact assessment of political administrations on the performance of the construction sector: A time series analysis. Journal of Engineering, Design and Technology, 22(1), pp. 1-21. ISSN 1726-0531
Abstract
Purpose: The complex interaction of politics and the economy is a critical factor for the sustainable growth and development of the construction sector (CNS). This study aims to investigate the effects of type of political administration including democracy and military on the performance of CNS using the Nigerian Construction Sector (NCS) as a case study. Design/methodology/approach: A 48 year (1970–2017) time series data (TSD) on the NCS and the gross domestic product (GDP) based on 2010 constant USD were extracted from the United Nations Statistical Department database. Analysis of variance (ANOVA) and analysis of covariance (ANCOVA) models were used to analyze the TSD. The ANCOVA model includes the GDP as correlational variable or covariate. Findings: The estimates of the ANOVA model indicate that democratic administration is significantly better than military administration in construction performance. However, the ANCOVA model indicates that the GDP is more important than political administration in the performance of the CNS. The study recommends for a new national construction policy, favourable fiscal and monetary policy, local content development policy and construction credit guaranty scheme for the rapid growth and development of the NCS. Originality/value: Hitherto, little is known about the influence of political administration on the performance of the CNS. This study provides empirical evidence from a developing economy perspective. It presents the relationships and highlights recommendations for driving growth in the construction industry.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | comparative management study; construction economic; construction management; gross domestic product; military administration and democratic administration; Nigerian construction sector |
| Index terms: | evidence, impact assessment, construction economics, methodology, construction sector, time series, developing economy, construction industry, estimate, interaction, gross domestic product, case study, time-series analysis, variance, critical factor, United Nations, politics, database, construction performance |
| Subjects: | evaluation and assessment methods, data collection methods, risk assessment, value management, financial and cost management, institutional frameworks, economic analysis, data science, performance assessment, research methods, economic development, measurement and scaling, research evaluation and metrics, data management, behavioral psychology, political science, financial analysis, industry analysis |
| Topics: | International Construction, Digital Applications, Site Management, Research Practice, Project Management, Cost Management, Business Strategy, Governance, Risk Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here