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Construction and Value Added

In: The Economics of the Modern Construction Sector

Author

Listed:
  • Graham J. Ive

    (University College London)

  • Stephen L. Gruneberg

    (University College London)

Abstract

Production is continually changing. Output is always growing or declining and altering in composition. Products and services are made in different ways. The uses to which output is put change. The size and number of providers varies over time. It is therefore difficult to define the limits of the construction sector without making an arbitrary cut off at some point. This would apply to any branch of production, not just construction. Nevertheless, it is clear both theoretically and from published statistics that the construction sector is an important, large, distinct, though not isolated, part of the economy.

Suggested Citation

  • Graham J. Ive & Stephen L. Gruneberg, 2000. "Construction and Value Added," Palgrave Macmillan Books, in: The Economics of the Modern Construction Sector, chapter 1, pages 3-28, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51091-3_1
    DOI: 10.1057/9780230510913_1
    as

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