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Authors
Advisor(s)
Abstract(s)
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.
Description
Keywords
Bon curve Construction activity Economic development
Citation
Ruddock, Les; Lopes, Jorge (2006). The construction sector and economic development: the 'Bon curve'. Construction Management and Economics. UK. ISSN 0144-6193. p.717-723