Relationships between Engineering Construction Standards and Economic Growth in the Construction Industry: The Case of China’s Construction Industry

Although standards have a significant effect on economic growth in the construction industry, the effect of engineering construction standards on construction industry economics remains a relatively unexplored subject. In theory, standards as a technology indicator have an impact on economic growth....

Full description

Saved in:
Bibliographic Details
Published inKSCE journal of civil engineering Vol. 22; no. 5; pp. 1606 - 1613
Main Authors Xue, Hong, Zhang, Shou Jian
Format Journal Article
LanguageEnglish
Published Seoul Korean Society of Civil Engineers 01.05.2018
Springer Nature B.V
대한토목학회
Subjects
Civil Engineering
Construction
Construction engineering
Construction industry
Construction Management
Construction standards
Design
Economic development
Economic growth
Economic indicators
Economics
Employment
Engineering
GDP
Geotechnical Engineering & Applied Earth Sciences
Gross Domestic Product
Growth models
Impact analysis
Industrial Pollution Prevention
Industry
Investments
Macroeconomics
Production functions
Productivity
Standardization
Variables
토목공학
Cobb-Douglas Production Function
Economic growth in the construction industry
Engineering Construction Standards
VAR model
Online AccessGet full text

Cover

More Information
Summary:Although standards have a significant effect on economic growth in the construction industry, the effect of engineering construction standards on construction industry economics remains a relatively unexplored subject. In theory, standards as a technology indicator have an impact on economic growth. Therefore, we investigate the relationships between engineering construction standards and economic growth in the construction industry. A Cobb-Douglas production function and a VAR model are established to explore relationships between engineering construction standards and economic growth in the construction industry. Our results suggest that co-integration relationships are evidenced between engineering construction standards and economic growth in the construction industry, and engineering construction standards have a positive effect on economic growth in the construction industry.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 14
ISSN:1226-7988
1976-3808
DOI:10.1007/s12205-017-1990-y