Im, K (2025) Interdependency in the construction sector and assessing interdependent economic losses due to demand-side fluctuations. Journal of Construction Engineering and Management, 151(12): 04025187, ISSN 0733-9364
Abstract
The construction sector, which is related to the human housing environment, is closely interdependent with all sectors and infrastructures and is a core sector. In current society, various and complex construction challenges arise in essential sectors such as urban, energy, and environmental fields that can impede sustainable development. Therefore, strengthening security, diminishing risks, and improving the resilience of the construction sector will become increasingly important issues. However, currently, methodologies for evaluating and analyzing issues related to those problems are not well known, and are lacking in terms of effective processes and methods. Thus, the main objective of this study was to define correlations between the construction sector and all other economic sectors and to identify the interdependence of the construction sector within an economic system. The study proposes a method for assessing interdependent economic losses due to demand-side fluctuations in the construction sector. The interdependency of the construction sector is required to evaluate the economic impacts in the construction sector as well as losses in the construction sector owing to exogenous events such as natural disasters and hazards. Increasing the security and improving the resiliency of the construction sector will lead to reliable, resilient, and efficient construction projects in the future and will protect sustainable built environments for future generations. Furthermore, strengthening the security and resilience of the construction sector will help drive economic growth and create resilient, thriving communities, and will be a critical solution to climate change.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction sector; critical infrastructures; interdependency; interdependent systems; ripple effects; security and resilience |
| Index terms: | critical infrastructure, economic growth, interdependence, built environment, sustainable development, natural disaster, society, construction sector, housing, climate change, methodology, construction project, economic impact, strengthening |
| Subjects: | infrastructure and transport systems, industry analysis, organizational analysis, communities and social development, environmental hazards, financial analysis, production management, health safety and environment, economic development, structural engineering, research methods, climate science, construction type |
| Topics: | Sustainability, Health and Safety, Engineering Principles, Project Management, Stakeholder Management, Construction Technology, Cost Management, Research Practice, Organizational Design, Urban Studies |
| Descriptive scope: | 3 PCT |
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