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Does volume follow share? The case of the Danish construction industry
- Source :
- Construction Management and Economics. 24:711-715
- Publication Year :
- 2006
- Publisher :
- Informa UK Limited, 2006.
-
Abstract
- In 1992, Ranko Bon argued that in highly developed countries the relatively declining economic importance of the construction industry is followed by the absolute decline of its output. The shrinking volume has implications with production capacity that, at a certain point of economic maturity, tends to be added at a slower rate than in the past. By using statistical data of the Danish construction industry, this study attempts to verify Bon’s proposition. The absolute decline of housing investments partially supports such a proposition. What is more, since the peak of the mid-1970s, the addition rate to the capacity of the Danish economy has slowed down.
- Subjects :
- Construction industry
construction investments
construction output
Volume (computing)
Building and Construction
Discount points
Maturity (finance)
Industrial and Manufacturing Engineering
language.human_language
Management Information Systems
Danish
construction investment
Market economy
Economy
language
Economics
Production (economics)
Resizing
Subjects
Details
- ISSN :
- 1466433X and 01446193
- Volume :
- 24
- Database :
- OpenAIRE
- Journal :
- Construction Management and Economics
- Accession number :
- edsair.doi.dedup.....ca56f0f3600617f4297c690baffbdf4c