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Construction and economic development in selected LDCs: past, present and future

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  • Willie Tan

Abstract

This paper critically examines the changing relations between construction and economic development in selected less developed countries (LDCs) in the light of new development dynamics. Historically, the relationship was seen in Keynesian terms. By the 1980s, attention turned towards structuralist and political economy explanations amid a neoclassical revival towards structural adjustments and 'market friendly' reforms. Current explanations tend to focus on property rights and building institutional capabilities. The strengths and weaknesses of current explanations provide future directions for research.

Suggested Citation

  • Willie Tan, 2002. "Construction and economic development in selected LDCs: past, present and future," Construction Management and Economics, Taylor & Francis Journals, vol. 20(7), pages 593-599.
    • Handle: RePEc:taf:conmgt:v:20:y:2002:i:7:p:593-599
    DOI: 10.1080/01446190210159827
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    References listed on IDEAS

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    1. Stretton, A W, 1981. "The Building Industry and Urbanization in Third World Countries: A Philippine Case Study," Economic Development and Cultural Change, University of Chicago Press, vol. 29(2), pages 325-339, January.
    2. Strassmann, W Paul, 1970. "The Construction Sector in Economic Development," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(3), pages 391-409, November.
    3. Booth, David, 1985. "Marxism and development sociology: Interpreting the impasse," World Development, Elsevier, vol. 13(7), pages 761-787, July.
    4. Moavenzadeh, Fred, 1978. "Construction industry in developing countries," World Development, Elsevier, vol. 6(1), pages 97-116, January.
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    1. Segundo Camino‐Mogro & Natalia Bermudez‐Barrezueta, 2021. "Productivity determinants in the construction sector in emerging country: New evidence from Ecuadorian firms," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2391-2413, November.
    2. Erol, Isil & Unal, Umut, 2015. "Role of Construction Sector in Economic Growth: New Evidence from Turkey," MPRA Paper 68263, University Library of Munich, Germany.

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