IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i15p5946-d388646.html
   My bibliography  Save this article

Sustainable Construction as a Competitive Advantage

Author

Listed:
  • Zhi-Jiang Liu

    (School of Economics and Management, GuangXi Normal University, Guilin 541000, China)

  • Paula Pypłacz

    (Faculty of Management, Czestochowa University of Technology, Armii Krajowej 19B, 42-201 Czestochowa, Poland)

  • Marina Ermakova

    (Department of Accounting, Analysis and Audit, Financial University under the Government of the Russian Federation, 125993 Moscow, Russia)

  • Pavel Konev

    (Department of Economics and Management on Enterprise, Pushkin Leningrad State University, 196605 Saint-Petersburg, Russia)

Abstract

Nowadays, sustainable construction (SC) is considered as a measure to support a healthy economy. The SC concept ensures quality of life and helps minimize the negative impact on the environment, human health, and biodiversity. SC fits into the modern sustainable development (SD) concept due to the ability to improve the environment, energy efficiency, and care for future generations. Despite numerous studies dedicated to the SC concept and implementation, practical matters related to SC including the importance of macroeconomic environmental sustainability are still insufficiently explored. The objective of this research is to study the practical issues of SC in the example of developing countries. Moreover, this work is aimed at determining the importance of the sustainable macroeconomic environment in ensuring SC. With the help of correlation and regression analysis effected for the purposes of the study, the direct connection and strong correlation between the GDP growth in the country and the number of large sustainable infrastructure facilities constructed and put into operation in the Russian Federation and China (correlation coefficient comprised 0.9987) were revealed. Within the current study, the experience of developing countries in SC is also discussed. It has been outlined that for emerging countries, the development of the construction industry environment within the framework of SC is possible in a sustainable business environment. The competitive advantages for SC are considered in social, economic, and environmental systems. Moreover, the models of formation and ensuring competitive advantages of the SC enterprise are presented. This paper reveals that the stability of the macroeconomic environment is a key factor in construction industry growth within the SC for developing countries.

Suggested Citation

  • Zhi-Jiang Liu & Paula Pypłacz & Marina Ermakova & Pavel Konev, 2020. "Sustainable Construction as a Competitive Advantage," Sustainability, MDPI, vol. 12(15), pages 1-13, July.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:15:p:5946-:d:388646
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/15/5946/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/15/5946/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Xin Mai & Roger C. K. Chan & Chaoqun Zhan, 2019. "Which Sectors Really Matter for a Resilient Chinese Economy? A Structural Decomposition Analysis," Sustainability, MDPI, vol. 11(22), pages 1-17, November.
    2. Natalia Natocheeva & Alex Borodin & Natalia Rud & Georgiy Kutsuri & Makpal Zholamanova & Anzhela Namitulina, 2019. "Development of tools for realizing the potential of financial stability of enterprises," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1654-1665, December.
    3. Andrea Revell & Robert Blackburn, 2007. "The business case for sustainability? An examination of small firms in the UK's construction and restaurant sectors," Business Strategy and the Environment, Wiley Blackwell, vol. 16(6), pages 404-420, September.
    4. Ying Zhang & Jian Kang & Hong Jin, 2018. "A Review of Green Building Development in China from the Perspective of Energy Saving," Energies, MDPI, vol. 11(2), pages 1-18, February.
    5. Garrett-Peltier, Heidi, 2017. "Green versus brown: Comparing the employment impacts of energy efficiency, renewable energy, and fossil fuels using an input-output model," Economic Modelling, Elsevier, vol. 61(C), pages 439-447.
    6. Saša Stjepanović & Daniel Tomić & Marinko Škare, 2017. "A new approach to measuring green GDP: a cross-country analysis," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 574-590, June.
    7. Zhang, X. & Zhang, S., 2017. "China-Mongolia-Russia economic corridor and environmental protection cooperation," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 3(3), pages 161-166.
    8. Roger Flanagan & Weisheng Lu & Liyin Shen & Carol Jewell, 2007. "Competitiveness in construction: a critical review of research," Construction Management and Economics, Taylor & Francis Journals, vol. 25(9), pages 989-1000.
    9. Daniel C. Matisoff & Douglas S. Noonan & Mallory E. Flowers, 2016. "Policy Monitor—Green Buildings: Economics and Policies," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 329-346.
    10. Mehmet Nurettin Uğural & Heyecan Giritli & Mariusz Urbański, 2020. "Determinants of the Turnover Intention of Construction Professionals: A Mediation Analysis," Sustainability, MDPI, vol. 12(3), pages 1-12, January.
    11. Armin Jeddi Yeganeh & Andrew Patton McCoy & Steve Hankey, 2019. "Green Affordable Housing: Cost-Benefit Analysis for Zoning Incentives," Sustainability, MDPI, vol. 11(22), pages 1-24, November.
    12. M. P. Afanas’ev & N. N. Shash, 2020. "Russian Investments in European Countries: Current State and Future Prospects," Studies on Russian Economic Development, Springer, vol. 31(3), pages 327-334, May.
    13. Min Wang & Xianli Zhao & Qunxi Gong & Zhigeng Ji, 2019. "Measurement of Regional Green Economy Sustainable Development Ability Based on Entropy Weight-Topsis-Coupling Coordination Degree—A Case Study in Shandong Province, China," Sustainability, MDPI, vol. 11(1), pages 1-18, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marija Mosurović Ružičić & Mirjana Miletić & Marina Dobrota, 2021. "Does a National Innovation System Encourage Sustainability? Lessons from the Construction Industry in Serbia," Sustainability, MDPI, vol. 13(7), pages 1-19, March.
    2. Wenmei Fei & Alex Opoku & Kofi Agyekum & James Anthony Oppon & Vian Ahmed & Charles Chen & Ka Leung Lok, 2021. "The Critical Role of the Construction Industry in Achieving the Sustainable Development Goals (SDGs): Delivering Projects for the Common Good," Sustainability, MDPI, vol. 13(16), pages 1-21, August.
    3. Fahad K. Alqahtani & Ibrahim S. Abotaleb & Sara Harb, 2021. "LEED Study of Green Lightweight Aggregates in Construction," Sustainability, MDPI, vol. 13(3), pages 1-18, January.
    4. Fangxin Li & Julian Pratama Putra Thedja & Sung-Han Sim & Joon-Oh Seo & Min-Koo Kim, 2023. "Range Image-Aided Edge Line Estimation for Dimensional Inspection of Precast Bridge Slab Using Point Cloud Data," Sustainability, MDPI, vol. 15(16), pages 1-21, August.
    5. Ahmed S. El Touny & Ahmed H. Ibrahim & Hossam H. Mohamed, 2021. "An Integrated Sustainable Construction Project’s Critical Success Factors (ISCSFs)," Sustainability, MDPI, vol. 13(15), pages 1-26, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fuad Ganbarov & Klaudia Smoląg & Rashad Muradov & Konul Aghayeva & Rumella Jafarova & Yashar Mammadov, 2020. "Sustainable Development of the Mortgage Market in Azerbaijan: Commercial Risks of Housing Construction, Social Vision, and State Influence," Sustainability, MDPI, vol. 12(12), pages 1-18, June.
    2. Luigi Aldieri & Jonas Grafström & Kristoffer Sundström & Concetto Paolo Vinci, 2019. "Wind Power and Job Creation," Sustainability, MDPI, vol. 12(1), pages 1-23, December.
    3. Brown, Marilyn A. & Li, Yufei & Soni, Anmol, 2020. "Are all jobs created equal? Regional employment impacts of a U.S. carbon tax," Applied Energy, Elsevier, vol. 262(C).
    4. Garfield Wayne Hunter & Gideon Sagoe & Daniele Vettorato & Ding Jiayu, 2019. "Sustainability of Low Carbon City Initiatives in China: A Comprehensive Literature Review," Sustainability, MDPI, vol. 11(16), pages 1-37, August.
    5. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2018. "And then he wasn't a she : Climate change and green transitions in an agent-based integrated assessment model," Working Papers hal-03443464, HAL.
    6. Hazem Ali & Ting Chen & Yunhong Hao, 2021. "Sustainable Manufacturing Practices, Competitive Capabilities, and Sustainable Performance: Moderating Role of Environmental Regulations," Sustainability, MDPI, vol. 13(18), pages 1-19, September.
    7. Yu Cao & Cong Xu & Syahrul Nizam Kamaruzzaman & Nur Mardhiyah Aziz, 2022. "A Systematic Review of Green Building Development in China: Advantages, Challenges and Future Directions," Sustainability, MDPI, vol. 14(19), pages 1-29, September.
    8. Jia Peng & Xianli Hu & Xinyue Fan & Kai Wang & Hao Gong, 2023. "The Impact of the Green Economy on Carbon Emission Intensity: Comparisons, Challenges, and Mitigating Strategies," Sustainability, MDPI, vol. 15(14), pages 1-21, July.
    9. Valerio Ercolani, 2021. "The macroeconomic impact of infrastructure investment: a review of channels," Questioni di Economia e Finanza (Occasional Papers) 613, Bank of Italy, Economic Research and International Relations Area.
    10. Trivedi, Jatin & Chakraborty, Dipanwita & Nobanee, Haitham, 2023. "Modelling the growth dynamics of sustainable renewable energy – Flourishing green financing," Energy Policy, Elsevier, vol. 183(C).
    11. Sam Hampton & Richard Blundel & Aqueel Wahga & Tina Fawcett & Christopher Shaw, 2022. "Transforming small and medium‐sized enterprises to address the climate emergency: The case for values‐based engagement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1424-1439, September.
    12. Halkos, George & Nomikos, Stylianos, 2021. "Corporate social responsibility: Trends in global reporting initiative standards," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 106-117.
    13. Khozema Ahmed Ali & Mardiana Idayu Ahmad & Yusri Yusup, 2020. "Issues, Impacts, and Mitigations of Carbon Dioxide Emissions in the Building Sector," Sustainability, MDPI, vol. 12(18), pages 1-11, September.
    14. Prasanta Kumar Dey & Chrisovalantis Malesios & Debashree De & Soumyadeb Chowdhury & Fouad Ben Abdelaziz, 2019. "Could lean practices and process innovation enhance supply chain sustainability of small and medium‐sized enterprises?," Business Strategy and the Environment, Wiley Blackwell, vol. 28(4), pages 582-598, May.
    15. Joanna Godlewska & Edyta Sidorczuk-Pietraszko, 2019. "Taxonomic Assessment of Transition to the Green Economy in Polish Regions," Sustainability, MDPI, vol. 11(18), pages 1-25, September.
    16. Chegut, Andrea & Eichholtz, Piet & Kok, Nils, 2019. "The price of innovation: An analysis of the marginal cost of green buildings," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    17. Christopher J. Blackburn & Mallory E. Flowers & Daniel C. Matisoff & Juan Moreno‐Cruz, 2020. "Do Pilot and Demonstration Projects Work? Evidence from a Green Building Program," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 39(4), pages 1100-1132, September.
    18. Siba Sankar Mohanty & Himanshu Mallik, 2022. "Discounting GDP for Pollution, Waste Generation and Natural Resources Depletion: A Comparative Analysis of selected High, Middle and Low income countries," Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038, Voices of Inclusive Change and Expressions- (VOICE) Trust, Dehradun, Uttarakhand, vol. 9(4), pages 13-27, October-D.
    19. Felipe Encinas & Carlos Marmolejo-Duarte & Carlos Aguirre-Nuñez & Francisco Vergara-Perucich, 2020. "When Residential Energy Labeling Becomes Irrelevant: Sustainability vs. Profitability in the Liberalized Chilean Property Market," Sustainability, MDPI, vol. 12(22), pages 1-17, November.
    20. Zhang, Li & Wu, Jing & Liu, Hongyu, 2018. "Policies to enhance the drivers of green housing development in China," Energy Policy, Elsevier, vol. 121(C), pages 225-235.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:15:p:5946-:d:388646. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.