The construction sector and economic development: The 'Bon curve'

Les Ruddock, Jorge Lopes

Research output: Contribution to journalArticle

58 Citations (Scopus)

Abstract

The complexities of the relationship between a country's level of construction activity and its stage of economic development are considerable. Studies over the last three decades, based on macroeconomic analysis, have attempted to model the relationship but have usually been hampered by problems of data quality and availability. Nevertheless, paradigms have emerged (usually based on Keynesian philosophy), which are concerned with the dynamics of construction activity as an agent in the promotion of economic growth in economies at different stages of development. One such is the 'Bon curve'. An examination of the data issues of attempting to assess the validity of the proposition is made and then the role of the construction sector in highly developed economies is considered.

Original languageEnglish
Pages (from-to)717-723
Number of pages7
JournalConstruction Management and Economics
Volume24
Issue number7
DOIs
Publication statusPublished - Jul 2006
Externally publishedYes

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