Dunn, B (2004) The regionalization of international contracting and its implications for models of construction spending. Construction Management and Economics, 22(1), pp. 93-100. ISSN 01446193
Abstract
This paper documents an increasing regionalization of overseas contracting during the 1980s and 1990s. This involved a greater share within richer countries, particularly of intra-European work. This evidence challenges suggestions that middle-income countries are particularly appropriate destinations of overseas investment by developed country contractors. The paper therefore re-evaluates the model underlying such predictions, which relates construction spending to economic development. Reconsidering its empirical basis, it argues that the association between overall levels of per capita income and levels of construction spending is too weak to be of practical utility. It stresses the possibility of different routes to economic development and that this often remained an uncertain process and one within which levels of construction output varied widely. It therefore concludes that research should be informed by a broader political economy approach.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction spending; economic development; international contracting; regionalization |
| Index terms: | developed country, economic development, construction output, evidence, documents, income, political economy, construction spending |
| Subjects: | professional development, economic analysis, economic and policy analysis, development economics, operations management, evaluation and assessment methods, economic development |
| Topics: | Research Practice, Business Strategy, Sustainability, International Construction, Project Management, Information Management |
| Descriptive scope: | 3 PCA |
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