The construction sector and economic development: the ‘Bon curve’

By L. Ruddock, Jorge Lopes. 2006

112 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/7d90f6608bc96a424e742060d52ae760d1af0110

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In Economics and Econometrics

1. K. Anaman
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Citations in the corpus

• Analysis of the causality links between the growth of the construction industry and the growth of the macro‐economy in Ghana (2007, methodology): “Ruddock and Lopes ( 2006 ) used the ‘Bon Curve’ to analyse the effect of construction activity as an agent in the promotion of economic growth in economies at different stages of development.”