Lean, C S (2001) Empirical tests to discern linkages between construction and other economic sectors in Singapore. Construction Management and Economics, 19(4), pp. 355-363. ISSN 01446193
Abstract
The construction industry makes significant contributions to the socio-economic development process in most countries. Its importance in the economy is due largely to the direct and indirect impact it has on the national economy. It stimulates the growth of other sectors through a complex system of linkages. Interest in multi-sectoral linkages was generated following Hirschman's work that investigated the relationship between unbalanced sectoral growth and economic development. Most of the past research work had used Leontief's input-output analysis to gauge the backward and forward linkages between industries. This paper proposes an econometric procedure that can be used for determining the construction output linkages. This involves unit-root testing and Granger causality testing. The main purpose is to determine the impact of a fluctuation in construction output on the sectoral production and the economy of Singapore. This helps to assess the role of the construction industry and how it is affected by the changes in the other economic sectors.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction linkages; economic sectors; granger causality |
| Index terms: | econometric, input-output analysis, construction industry, testing, forward linkage, national economy, complex system, linkage, Singapore, construction output, economic development |
| Subjects: | industry analysis, systems engineering, economic theory, economic development, Geography, operations management, data analysis and analytics, professional practice, economic analysis, business |
| Topics: | Sustainability, Business Strategy, Engineering Principles, Geographical Context, Project Management, Research Practice |
| Descriptive scope: | 4 PCTA |
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