Lewis, T M (2004) The construction industry in the economy of Trinidad and Tobago. Construction Management and Economics, 22(5), pp. 541-549. ISSN 01446193
Abstract
The construction sector is generally one of the larger and more important sectors of a nation's economy. If economic policy is to achieve its desired objectives, it is necessary to have some understanding of how the economy will react to various changes that can be effected. Because the construction sector is large and responsive, it is a key sector for manipulating the economy and, hence, it is important to know what the role of the construction sector is in the economy. Some of the key issues here are the effect of changes in GDP on construction output and employment, as well as the effects of changes in money supply, inflation, expenditure on the public sector investment programme and the rate of approval of building plans. This paper sets out to see if there are relationships between these factors that justify further investigation and, as such, helps establish a research agenda for the industry, particularly in comparing developed and less-developed countries.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | employment; gdp; inflation; public sector investment programme; Trinidad and Tobago |
| Index terms: | public sector, employment, investigation, Trinidad and Tobago, construction industry, research agenda, economic policy, approval, programme, developed country, inflation, construction output, construction sector |
| Subjects: | management, development economics, Geography, research management, project controls, industry analysis, administrative law, contractual role, data collection methods, operations management, economic analysis, business policy |
| Topics: | Governance, Project Management, Geographical Context, Research Practice, Business Strategy, Contract Administration, Time Control, International Construction, Human Resources, Legal Issues |
| 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