scholarly journals Construction Sector Contribution to Economic Stability: Malaysian GDP Distribution

2021 ◽  
Vol 13 (9) ◽  
pp. 5012
Author(s):  
Wesam Salah Alaloul ◽  
Muhammad Ali Musarat ◽  
Muhammad Babar Ali Rabbani ◽  
Qaiser Iqbal ◽  
Ahsen Maqsoom ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Construction Industry ◽  
Pearson Correlation ◽  
Impulse Response Function ◽  
Equilibrium Analysis ◽  
Construction Sector ◽  
Causality Test ◽  
Vector Error Correction ◽  
The World ◽  
Pearson Correlation Test

The construction sector exerts an exceptional impact on economic development all over the world. Adequate buildings and infrastructures made by the construction sector ensure that a country reaches certain targets like social development, industrialization, freight transportation, sustainable development, and urbanization. This study aims to determine the construction sector’s connectivity with other sectors through complex linkages that contribute immensely to the economy and gross domestic product (GDP). The data were collected from the Department of Statistics Malaysia and the World Bank from the year 1970 to 2019, and the Pearson correlation test, the cointegration test, and the Granger causality test were conducted. The vector error correction model (VECM) was created for short-term and long-term equilibrium analysis and impulse response function (IRF) was performed to study construction industry behavior. Afterwards, the forecasting was done for the year 2020 to 2050 of the Malaysian economy and GDP for the required sectors. It was revealed that some sectors, such as agriculture and services, have forward linkages while other sectors, such as manufacturing and mining, are independent of construction sector causality, which signifies the behavior of the contributing sectors when a recession occurs, hence generating significant revenue. The Malaysian economy is moving towards sustainable production with more emphasis on the construction sector. The outcome can be used as a benchmark by other countries to achieve sustainable development. The significance of this study is its usefulness for experts all over the world in terms of allocating resources to make the construction sector a sustainable sector after receiving a shock. A sustainable conceptual framework has been suggested for global application that shows the factors involved in the growth of the construction industry to ensure its sustainable development with time.

Empirical Study on Factors Influencing the Development of Construction Industry - Based on Anhui Construction

2012 ◽  
Vol 193-194 ◽  
pp. 1300-1306 ◽  
Author(s):  
Shi Dong Yang
Keyword(s):  
Real Estate ◽  
Granger Causality ◽  
Construction Industry ◽  
Impulse Response Function ◽  
External Factors ◽  
Added Value ◽  
Linear Regression Method ◽  
Real Estate Industry ◽  
Causality Test ◽  
Factors Affecting

The paper, on the basis of the statistical data from 1980 to 2009 in Anhui province, uses linear regression method, Johansen test, Granger causality test and impulse response function to analyze the internal and external factors affecting the development of construction in Anhui. The results show as follows: the development of Anhui construction industry is characterized with the extensive economic growth pattern; the long-term equilibrium relationship is identified between the added value of the construction industry and its external factors; GDP and the added value of the real estate industry are the Granger causality of the economic development in construction; Real estate industry has made more contributions to driving the development of construction industry than that of GDP. In addition, this thesis gives some suggestions on the development of Anhui construction industry.

scholarly journals TRANSFORMATION OF THE MATERIAL PRODUCTION MODEL FOR THE INTRODUCTION OF THE BIOSPHERE-COMPATIBLE ECONOMY PARADIGM

2020 ◽  
Vol 1 (37) ◽  
pp. 28
Author(s):  
Н. Shpakova
Keyword(s):  
Sustainable Development ◽  
Construction Industry ◽  
Circular Economy ◽  
Natural Capital ◽  
Production Model ◽  
Economy Model ◽  
The World ◽  
System Components ◽  
Product Creation ◽  
Growing Population

The complication of the environmental situation in the world makes mankind look for new economic models in which sustainable development is provided. With the growing population of the planet and its needs, there is an overconsumption of natural resources. The factors that are formed as a result of polymorphism of the system components «economy»-«ecology»-«society» are considered. It is proposed to replace the linear economy model, implemented in particular in the construction industry, with a model of the circular economy with its main imperatives oriented to biosphere-compatible construction at all stages of product creation while preserving natural resources.Keywords: circular economy, recycling, functional transformation, natural capital, greening, object life cycle

scholarly journals INTERNATIONAL TRENDS AND CURRENT CHALLENGES OF CONSTRUCTION MATERIALS MARKET DEVELOPMENT

2020 ◽  
Author(s):  
Yulia Orlovska ◽  
◽  
Daria Havrylenko ◽  
Keyword(s):  
Real Estate ◽  
Construction Industry ◽  
Information And Communication Technologies ◽  
Building Materials ◽  
Construction Materials ◽  
Construction Sector ◽  
International Trends ◽  
The World ◽  
The Impact ◽  
Construction Services

The main international trends in the world market of construction materials and services have been analyzed. The dynamics of world GDP and exports of construction services for the period 2000-2019 has been studied and a conclusion is made on the impact of economic crises on their growth rates. It has been determined that the dynamics of world exports of construction services is characterized by high instability with peaks of growth and decline, and is more sensitive than GDP growth. It has been noted that overcoming the crisis in the export sector of construction services takes more time and occurs with an approximate two-year time lag compared to GDP dynamics. The share of the construction industry in the world GDP by the degree of development has been analyzed. The reasons for the decline in the share of the construction industry in countries with economies in transition have been substantiated. It has been noted that in the developed countries the share of the construction sector is accounted for by real estate management activities related to maintenance, rent, purchase and sale and other transactions with land and real estate. The forecast values of growth of the market of building materials and services till 2030 have been given. The essence of the term «wide construction» has been revealed and the structure of this sector in different countries of the world is shown. The main exporters in the world construction market have been given and the structural distribution of the largest construction companies in the world ranking by country of origin has been analyzed. The dynamics of income level in the construction industry market for the period 2011-2018 has been studied. It has been noted that an important area of the construction sector is the market of roofing and facade materials and the world's largest companies for the production of this type of construction materials have been revealed. Conclusions on the essence of global transformations of the market of building materials and services have been made, and also it has been defined that they are caused by transnationalization of corporate structure of the market, influence of scientific and technical progress and information and communication technologies on world centers as well as the emergence of the concept of «sustainable construction» in the course of humanity for sustainable development.

scholarly journals Convergence Among the Submarkets in Australian Regional Building and Construction Sector

2010 ◽  
Vol 10 (4) ◽  
pp. 11-33 ◽  
Author(s):  
Junxiao Liu ◽  
Kerry London
Keyword(s):  
Residential Building ◽  
Building Construction ◽  
Construction Sector ◽  
Causality Test ◽  
Vector Error Correction ◽  
Construction Firms ◽  
Construction Market ◽  
House Construction ◽  
Econometric Tests ◽  
Market Convergence

Studies on market convergence are well considered in the literature. However, the majority of the previous research focused on housing markets and few studies have concentrated on construction markets. Owing to a simultaneously dramatic increase in the construction prices of the sub-markets in the building construction sector in Australia, this paper aims to identify the convergence among these markets, involving house construction market, other-residential building construction market, and non-residential building construction market. To achieve it the Granger causality test and generalized response function depending on the vector error correction model with the quarterly data of Australia’s eight states from 1998 to 2010 will be applied. Based upon the econometric tests, the price diffusion patterns among these construction markets have been identified. Research on the convergences of construction markets not only helps construction firms perform well in business operations and arbitrage activities, but also provides policy makers with useful information for enacting effective construction policies for national perspectives and approaches to infrastructure planning.

scholarly journals Potential Utilization of Waste Material for Sustainable Development in construction Industry

2019 ◽  
Vol 8 (3) ◽  
pp. 3435-3438
Keyword(s):  
Sustainable Development ◽  
Construction Industry ◽  
Building Materials ◽  
Waste Utilization ◽  
Waste Material ◽  
Waste Materials ◽  
Literature Study ◽  
Natural Materials ◽  
The World

Billions of waste is produced in the world but the wastes are not properly recycled. Recycling of materials also different issues and it needs more energy. The waste materials are stored in a land also create more amounts of problem and it Leeds to land pollution. The utilization of waste materials in the manufacturing of building is a challenging task. But it is the good solution for disposal of waste materials in the developed building materials. We need to analyze the waste materials first then only we can utilize the materials in the perfect way. Now a day’s lot of research is going on in the waste utilization area. This literature study mentioned the various waste materials and how it is used in our real construction field. The waste utilization gave two things. First one is reduction of the pollution and the second is save the natural materials for sustainable development. This paper also shows the betterment results of the waste utilization technique.

scholarly journals Extrusion-Based Additive Manufacturing of Concrete Products: Revolutionizing and Remodeling the Construction Industry

2019 ◽  
Vol 3 (3) ◽  
pp. 88 ◽  
Author(s):  
Marco Valente ◽  
Abbas Sibai ◽  
Matteo Sambucci
Keyword(s):  
Additive Manufacturing ◽  
Construction Industry ◽  
Industrial Revolution ◽  
State Of The Art ◽  
Additive Technologies ◽  
Construction Sector ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Hardened Properties ◽  
Traditional Manufacturing

Additive manufacturing is one of the main topics of the fourth industrial revolution; defined as Industry 4.0. This technology offers several advantages related to the construction and architectural sectors; such as economic; environmental; social; and engineering benefits. The usage of concrete in additive technologies allows the development of innovative applications and complexity design in the world of construction such as buildings; housing modules; bridges; and urban and domestic furniture elements. The aim of this review was to show in detail a general panoramic of extrusion-based additive processes in the construction sector; the main advantages of using additive manufacturing with the respect to traditional manufacturing; the fundamental requirements of 3D printable material (fresh and hardened properties), and state-of-the-art aesthetic and architectural projects with functional properties.

scholarly journals Price transmission in regional beef markets: Australia, China and Southeast Asia

2018 ◽  
pp. 99 ◽  
Author(s):  
Xiaoxia Dong ◽  
Scott Waldron ◽  
Colin Brown, Jing Zhang
Keyword(s):  
Impulse Response Function ◽  
Price Transmission ◽  
Chinese Market ◽  
Causality Test ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Equilibrium Relationships ◽  
Beef Prices ◽  
Integration Analysis

With increasing trade volumes in the Asian region, it could be expected that beef markets are becoming increasingly integrated. Major beef exporters or importers can be expected to lead others, but others can be separated by obstacles to trade or small trade volumes. This paper examines price transmission between the key regional beef markets of Australia, China, Indonesia and Vietnam. It draws on quarterly price data from 2005 to 2015 and methods including co-integration analysis, granger causality test, and vector error correction model and impulse response function. The results show that log-run equilibrium relationships exist in two of the trading relationships, where the beef price in Indonesia is affected by the Australian market while the beef price in Vietnam is impacted by the Chinese market. However, Australia and China’s beef prices are not impacted by Indonesian or Vietnamese prices. Reasons behind these price inter-relationships are discussed.

scholarly journals The Sustainable Solution Green Building

2021 ◽  
pp. 435-438
Author(s):  
Aboli Mendhe ◽  
Ankit Ghode ◽  
Umesh Jibhakate ◽  
Ritik Chalurkar ◽  
Niraj Bhople ◽  
...  
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Global Warming ◽  
Construction Industry ◽  
21St Century ◽  
Green Building ◽  
Construction Technology ◽  
The Past ◽  
The World ◽  
The Impact

Since the 21st century, the idea of green constructing has gradually become popular again was launched in many countries, which has become a popular alternative to sustainable development construction industry. Over the past few decades, many scholars and experts have done more research on the green structure. Green construction technology is one of the world’s leading topics set to reduce the major impact of the construction industry on the environment, society and the economy. The world has an urgent need for sustainability and an intelligent development as the problem of pollution and global warming grows rapidly around the world. Major climate change has also been noted and experience globally due to the proliferation of Green House Gases (GHG's). The purpose of this paper is to focus on how sustainable constructing material can help reduce the impact of environmental degradation, and produce healthy buildings that are sustainable for the human being and for our environment.

scholarly journals The Impacts of Global Financial Crisis on Construction Sector in Turkey

2014 ◽  
Author(s):  
Fatih Kürşat Fırat ◽  
Esra Soyu
Keyword(s):  
Financial Crisis ◽  
Construction Industry ◽  
Economic Crisis ◽  
Global Financial Crisis ◽  
Gdp Growth ◽  
Construction Sector ◽  
Global Crisis ◽  
Mortgage Crisis ◽  
The World ◽  
Global Economic Crisis

The global crisis in United States began as the form of the mortgage crisis in the housing market. Profound effects the financial crisis emerged in 2008 spread rapidly throughout the world as a result of globalization and also its effects were felt in our country. Both in earlier crises and the emergence and spread of the global economic crisis in the cyclical indicators are known to play an important role. There are different opinions on this subject in the literature. It is seen that there is a relation between the global crisis in the financial sectors and the construction sector based on mostly housing industry. Especially in the developing countries like Turkey, the construction sector, which is an important contribution to the economic growth, is seen negatively affected by the global crisis. The aim of this study is to analyze the variations occurred in the construction industry during the 2008 global economic crisis and is to introduce how the construction sector is affected by the crisis. Here, Turkey's main economic indicators during the crisis are examined considering the construction sector and GDP growth rates. As a result of this study, it is put forward that the construction sector in Turkey is one of the sectors most affected by the global crisis.

scholarly journals International Scenario of Certifications and Rating Systems for Green Buildings.

2020 ◽  
Vol 9 (3) ◽  
pp. 1678-1683
Keyword(s):  
Sustainable Development ◽  
Construction Industry ◽  
Green Building ◽  
Green Buildings ◽  
Building Construction ◽  
Clear Understanding ◽  
Rating Systems ◽  
The World ◽  
Negative Impacts ◽  
Building Project

Sustainable development in the construction industry demands implementation of a green rating procedure and certification to assess building. The rating tools set benchmarks for green measures for constructing and use of buildings to reduce their negative impacts on environment thereby making it more sustainable. In this paper, Rating systems and certifications across the globe are studied and compared to give a clear understanding of all for any green building project to be evaluated upon. There are 18 major certifications and 18 rating systems all over the world, however in India there are three rating systems which are mostly used viz. IGBC, GRIHA, LEED. It is recommended that a more simple system is needed for enhancing the participation of all stakeholders in Green building construction thereby leading to sustainable development.

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