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Aidoo, I, Fugar, F, Adinyira, E and Ansah, N B (2023) Assessing the level of resilience in construction safety management systems in the Ghanaian construction industry. Journal of Construction in Developing Countries, 28(2), 217-42.

Aminorlah, A I, Rahim, N A, Mohamed, Z and Mazlan, A N (2023) Critical delay factors in typical physical projects: The case of the ministry of home affairs in Malaysia. Journal of Construction in Developing Countries, 28(2), 57-79.

Amoah, A, Berbegal-Mirabent, J and Marimon, F (2023) National cultural dimensions and their impact on construction project management in developing countries: The case of Ghana. Journal of Construction in Developing Countries, 28(2), 163-87.

Asiedu, E M and Mkansi, M (2023) Critical factors contributing to budget overruns in ghana’s telecommunication industry construction projects. Journal of Construction in Developing Countries, 28(2), 265-93.

Awodele, I A, Mewomo, M C and Eze, E C (2023) Inhibitors to the adoption of building information modelling in modular construction: A case study of the Nigerian construction industry. Journal of Construction in Developing Countries, 28(2), 19-36.

Dosumu, O S, Mahame, C, Niyitegeka, S and Hahiirwuwambaza, J A (2023) Applications and challenges of adopting the internet of things (IoT) in the Rwandan construction industry. Journal of Construction in Developing Countries, 28(2), 81-100.

Jibrin, I M and Aminu, S M (2023) Information technology as catalyst for value re-engineering implementation in the Nigerian construction industry. Journal of Construction in Developing Countries, 28(2), 189-216.

Moyo, T and Chigara, B (2023) Factors affecting the competence of quantity surveying professionals in Zimbabwe. Journal of Construction in Developing Countries, 28(2), 1-17.

Ojo, A E, Ammasoma, D and Adelakun, J O (2023) Responsiveness of the construction sector to fiscal policy in Nigeria. Journal of Construction in Developing Countries, 28(2), 121-37.

  • Type: Journal Article
  • Keywords: construction sector; debt finance; Nigeria; national economy; fiscal policy; time series
  • ISBN/ISSN:
  • URL: https://doi.org/10.21315/jcdc-02-22-0027
  • Abstract:
    The influence of fiscal policy measures on the economy is reflective of sectorial outputs like the construction sector industry. However, the extent of the influence in countries such as Nigeria is vague, making their interaction a concern. This study investigated and examined the relationship between the construction sector and selected fiscal policy measures, namely government revenue, public capital expenditure, gross fixed capital formation and deficit finance. Using time series, data of the study variables between 1980 and 2019 were analysed using cointegration estimation and pairwise casualty techniques. The study’s findings showed that there were long-term and short-term relationships between all variables, but they were not significant, except for the government revenue. Similarly, the pairwise Granger causality test confirmed that deficit financing and public capital expenditure had no casualty effect on the construction sector. It is concluded that the construction sector is not responsive to changes in fiscal policies in Nigeria. Subsequently, the study recommends the need for increased public and private capital investment, improvement in revenue generation and efficient use of debt revenue on infrastructure development to strengthen domestic growth across economic sectors.

Okoro, C, Nnaji, C, Chileshe, N and Tembo, J (2023) Perceptions of public-private partnerships transportation project success factors in developing countries: An explanatory sequential investigation. Journal of Construction in Developing Countries, 28(2), 295-327.

Omar, M R, Ayob, A, Zakaria, M H, Rahim, N S A, Mokhtar, H, Rani, H A and Rahman, F A (2023) Perspective of construction building professionals on low-carbon materials in Malaysia. Journal of Construction in Developing Countries, 28(2), 139-62.

Saqib, G, Hassan, M U and Zubair, M U (2023) Barriers to incident reporting in the pakistani construction industry: An exploratory factor analysis approach. Journal of Construction in Developing Countries, 28(2), 243-64.

Sierra, F and Rodboonpha, C (2023) Building information modelling implementation models in Thailand: Drivers, benefits, barriers and lessons learned. Journal of Construction in Developing Countries, 28(2), 37-55.

Tehami, M and Seddiki, M (2023) Investigation toward the adoption of building information modelling in Algeria from architects’ perspective. Journal of Construction in Developing Countries, 28(2), 329-52.

Wibowo, A and Hartiati, D (2023) Value-for-money drivers in public-private partnerships in affordable housing in Indonesia: An analytic network process perspective. Journal of Construction in Developing Countries, 28(2), 101-19.