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Empirical tests to discern linkages between construction and other economic sectors in Singapore

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Author Info
Chan Swee Lean
Abstract

The construction industry makes significant contributions to the socio-economic development process in most countries. Its importance in the economy is due largely to the direct and indirect impact it has on the national economy. It stimulates the growth of other sectors through a complex system of linkages. Interest in multi-sectoral linkages was generated following Hirschman's work that investigated the relationship between unbalanced sectoral growth and economic development. Most of the past research work had used Leontief's input–output analysis to gauge the backward and forward linkages between industries. This paper proposes an econometric procedure that can be used for determining the construction output linkages. This involves unit-root testing and Granger causality testing. The main purpose is to determine the impact of a fluctuation in construction output on the sectoral production and the economy of Singapore. This helps to assess the role of the construction industry and how it is affected by the changes in the other economic sectors.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Construction Management & Economics.

Volume (Year): 19 (2001)
Issue (Month): 4 (July)
Pages: 355-363
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Handle: RePEc:taf:conmgt:v:19:y:2001:i:4:p:355-363

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Related research
Keywords: Construction Linkages Economic Sectors Granger Causality;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  2. Raymond Y.C. Tse, Sivaguru Ganesan, 1997. "Causal relationship between construction flows and GDP: evidence from Hong Kong," Construction Management & Economics, Taylor and Francis Journals, vol. 15(4), pages 371-376, July. [Downloadable!] (restricted)
  3. Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 39-69, February. [Downloadable!] (restricted)
  4. Roberto Pietroforte, Ranko Bon, 1999. "The Italian residential construction sector: an input-output historical analysis," Construction Management & Economics, Taylor and Francis Journals, vol. 17(3), pages 297-303, May. [Downloadable!] (restricted)
  5. Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-18. [Downloadable!]
  6. Anita Punwani, 1997. "A study of the growth-investment-financing nexus of the major UK construction groups," Construction Management & Economics, Taylor and Francis Journals, vol. 15(4), pages 349-361, July. [Downloadable!] (restricted)
  7. Park, Se-Hark, 1989. "Linkages between industry and services and their implications for urban employment generation in developing countries," Journal of Development Economics, Elsevier, vol. 30(2), pages 359-379, April. [Downloadable!] (restricted)
  8. Perron, Pierre, 1988. "Trends and random walks in macroeconomic time series : Further evidence from a new approach," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 297-332. [Downloadable!] (restricted)
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  9. Richard K. Green, 1996. "Follow the Leader: How Changes In Residential and Non-Residential Investment Predict Changes in GDP," Wisconsin-Madison CULER working papers 96-05, University of Wisconsin Center for Urban Land Economic Research. [Downloadable!]
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  10. Polenske, Karen R & Sivitanides, Petros, 1990. "Linkages in the Construction Sector," The Annals of Regional Science, Springer, vol. 24(2), pages 147-61.
  11. Robert F. Engle & Joao Victor Issler, 1993. "Estimating Sectoral Cycles Using Cointegration and Common Features," NBER Working Papers 4529, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  12. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Yu Song & Chunlu Liu & Craig Langston, 2006. "Linkage measures of the construction sector using the hypothetical extraction method," Construction Management & Economics, Taylor and Francis Journals, vol. 24(6), pages 579-589, June. [Downloadable!] (restricted)
  2. Swee-Lean Chan, 2002. "Responses of selected economic indicators to construction output shocks: the case of Singapore," Construction Management & Economics, Taylor and Francis Journals, vol. 20(6), pages 523-533, September. [Downloadable!] (restricted)
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