The relationship between construction sector and the national economy of Sri Lanka

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aut.conference.typePaper Published in Proceedings
aut.relation.endpage10
aut.relation.pages10
aut.relation.startpage1
aut.researcherRotimi, James Olabode Bamidele
dc.contributor.authorRamachandra, T
dc.contributor.authorRotimi, J.O.B.
dc.contributor.authorRameezdeen, R
dc.contributor.editorJiayuan, W
dc.contributor.editorZhikun, D
dc.contributor.editorLiang, Z
dc.contributor.editorJian, Z
dc.date.accessioned2013-11-05T20:23:27Z
dc.date.available2013-11-05T20:23:27Z
dc.date.copyright2012
dc.date.issued2012
dc.description.abstractThe causal relationship between construction and a country’s economy has received much attention in the past. However, the results provide contrasting views on the nature of this relationship. This paper therefore investigates the direction of the causal relationship between construction and the economy of a developing country, Sri Lanka. It uses empirical data for selected economic and construction indicators for the period 1990–2009. The pattern of the causal relationship was determined using Granger causality test. The findings reveal that for all indicators except construction investment, national economic activities precede that of construction. The study therefore concludes and strengthens the body of knowledge on Sri Lanka that the causal relationship between its construction sector and national economy tend towards a uni-directional relationship with the national economy inducing growth in the construction sector and not vice versa.
dc.identifier.citationIn Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate, pp 1263-1271.
dc.identifier.doi10.1007/978-3-642-35548-6_128
dc.identifier.isbn978-3-642-35547-9
dc.identifier.urihttps://hdl.handle.net/10292/5806
dc.publisherSpringer
dc.rightsAn author may self-archive an author-created version of his/her article on his/her own website and or in his/her institutional repository. He/she may also deposit this version on his/her funder’s or funder’s designated repository at the funder’s request or as a result of a legal obligation, provided it is not made publicly available until 12 months after official publication. He/ she may not use the publisher's PDF version, which is posted on www.springerlink.com, for the purpose of self-archiving or deposit. Furthermore, the author may only post his/her version provided acknowledgement is given to the original source of publication and a link is inserted to the published article on Springer's website. The link must be accompanied by the following text: "The final publication is available at www.springerlink.com”. (Please also see Publisher’s Version and Citation).
dc.rights.accessrightsOpenAccess
dc.subjectEconomy
dc.subjectConstruction
dc.subjectGranger causality
dc.subjectSri Lanka
dc.titleThe relationship between construction sector and the national economy of Sri Lanka
dc.typeConference Contribution
pubs.elements-id134058
pubs.organisational-data/AUT
pubs.organisational-data/AUT/Design & Creative Technologies
pubs.organisational-data/AUT/Design & Creative Technologies/School of Engineering
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