Gundes, S (2011) Exploring the dynamics of the Turkish construction industry using input-output analysis. Construction Management and Economics, 29(1), pp. 59-68. ISSN 1466433X
Abstract
Construction is commonly regarded as an important industry in economic policy making owing to its strong interactions with other sectors in the economy. Using six national input-output (IO) tables compiled to date and economic data for the period between 1969 and 2006, the behaviour of the Turkish construction sector and its relationships to investment, income and to other sectors in the economy are examined. Analysis reveals that the construction industry is losing its propulsive role and that it tends to exaggerate the fluctuations of the economy. The examination of lead and lag times between changes in GNP, construction activity and investments show that public sector spending cuts, in particular, have significant effects on the amplitude and the timing of slumps of the industry. The analysis of linkage indicators indicates that for the whole period under consideration the construction industry has high linkages with only one other industry. Thus the 'leading' role it plays in the economy is questioned.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | backward linkage; construction sector; forward linkage; input-output analysis; Turkey |
| Index terms: | construction sector, economic policy, income, dynamics, forward linkage, construction industry, interaction, input-output analysis, backward linkage, Turkey, construction activity, linkage, public sector |
| Subjects: | economic analysis, organizational purchasing, business policy, data analysis and analytics, construction operations, business, systems engineering, behavioral psychology, economic theory, industry analysis, administrative law, Geography |
| Topics: | Business Strategy, Engineering Principles, Geographical Context, Research Practice, Governance, Procurement, Legal Issues, Site Management |
| 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