ARCOM

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Campagnac, E (1998) National system of innovation in France: Plan Construction et Architecture. Building Research & Information, 26(05), 297–301.

de Valence, G (2019) Reframing construction within the built environment sector. Engineering, Construction and Architectural Management, 26(05), 740–5.

Fulford, R G (2019) The implications of the construction industry to national wealth. Engineering, Construction and Architectural Management, 26(05), 779–93.

Gann, D M, Wang, Y and Hawkins, R (1998) Do regulations encourage innovation? The case of energy efficiency in housing. Building Research & Information, 26(05), 280–96.

Gonzalez-Ruiz, J D, Arboleda, A, Botero, S and Rojo, J (2019) Investment valuation model for sustainable infrastructure systems. Engineering, Construction and Architectural Management, 26(05), 850–84.

Haji Karimian, S, Mbachu, J, Egbelakin, T and Shahzad, W (2019) Improving efficiency in roading projects: a New Zealand study. Engineering, Construction and Architectural Management, 26(05), 827–49.

Haugbølle, K, Larsen, J N and Nielsen, J (2019) Construction productivity revisited: towards measuring performance of construction output. Engineering, Construction and Architectural Management, 26(05), 794–813.

Ilhan, B and Yobas, B (2019) Measuring construction for social, economic and environmental assessment. Engineering, Construction and Architectural Management, 26(05), 746–65.

Lam, K-C, Lam, M C-K and Wang, D (2008) MBNQA_oriented self_assessment quality management system for contractors: fuzzy AHP approach. Construction Management and Economics, 26(05), 447-61.

Lopes, J P, Oliveira, R A and Abreu, M I (2019) Estimating the built environment stock in Cape Verde. Engineering, Construction and Architectural Management, 26(05), 814–26.

Nyström, J (2008) A quasi_experimental evaluation of partnering. Construction Management and Economics, 26(05), 531-41.

Pantouvakis, J-P and Manoliadis, O G (2008) A compromise programming model for site selection of borrow pits. Construction Management and Economics, 26(05), 433-46.

Rameezdeen, R and Ramachandra, T (2008) Construction linkages in a developing economy: the case of Sri Lanka. Construction Management and Economics, 26(05), 499-506.

Ruddock, L and Ruddock, S (2019) Wealth measurement and the role of built asset investment: an empirical comparison. Engineering, Construction and Architectural Management, 26(05), 766–78.

Type: Journal Article
Keywords: Organization; Sustainability; Economic growth; Investment; Built assets; Wealth measurement;
ISBN/ISSN: 0969-9988
URL: https://doi.org/10.1108/ECAM-07-2018-0290
Abstract:
The purpose of this paper is to assess the role of investment in built assets in the achievement of economic growth as part of a wealth measurement approach and to undertake an analysis of the relative importance of such investment as part of a country’s overall capital asset portfolio. Design/methodology/approach Panel data on capital asset investment are used to compare groups of countries at different stages of development. Data sets on investment and capital levels from the Penn World Tables 9.0 are used. Population and gross domestic product data are taken from the same source and the UN Statistics Division. World Bank reports provide data on countries’ income group classification. Findings There is confirmation of the view that, as economies grow, a pattern of investment based on developing a different structure of capital asset portfolio occurs. Investment patterns similar to those found in advanced countries arise as low income countries move to higher income classification groups even though built assets remain the most valuable capital asset group. Originality/value The study provides time series evidence on the nature of changing capital investment patterns in countries’ economies and demonstrates the value of a wealth measurement approach.

Ye, K, Jiang, W and Shen, L (2008) Project competition intensity (PCI) in the construction market: a case study in China. Construction Management and Economics, 26(05), 463-70.