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Extending construction linkage measures by the consideration of the impact of capital

Version 2 2024-06-03, 09:52
Version 1 2014-10-27, 16:49
journal contribution
posted on 2024-06-03, 09:52 authored by Y Song, Chunlu LiuChunlu Liu, C Langston
Construction linkage is a well-established research field. However, a significant limitation in previous linkage research is that the flow of capital goods is not addressed. Using the OECD input-output tables, this research first generates a new input-output model considering capital as an intermediate factor. Using the new model, the construction linkages are recalculated and investigated in order to evaluate further the role of construction in national economies. The findings verify that traditional construction linkages were extremely underestimated in previous research. Furthermore, the effect of capital on construction shows a declining trend over the examined period. After considering the effect of capital, most values and rankings of backward and forward linkages show a decreasing trend, which confirms the declining role of the construction sector with economic maturity.

History

Journal

Construction management and economics

Volume

24

Pagination

1207-1216

Location

Abingdon, England

ISSN

0144-6193

eISSN

1466-433X

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2006, Taylor & Francis

Issue

11

Publisher

Routledge

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