An input-output analysis of Thailand's construction sector

Oyeshola Kofoworola and Shabbir Gheewala

Construction Management and Economics, 2008, vol. 26, issue 11, 1227-1240

Abstract: Three input-output (IO) tables compiled between 1995 and 2000 were used to examine the significance of the construction sector and its relationships with other sectors of the Thai economy. The pull and push effect of the Thai construction sector to the national economy indicated that the former is much larger than the latter. Additionally, the relatively high output multipliers and backward linkage indicators showed that the construction sector had the potential to trigger off production in many economic sectors linked to it. An aggregated sectoral analysis revealed the high dependence of construction on manufacturing followed by services. The findings also suggest that the trends of the profile of inputs and outputs are correlated to the economic conditions in Thailand at the time the IO tables were compiled. Finally, the results of employment analysis showed that although the share of construction sector in direct employment generation may not be very large, its economic importance lies in its direct and indirect contribution to employment through strong backward linkage effects. Consequently, when its backward linkages and output multiplier are considered together with the employment opportunities latent within it, then the construction sector could be a major contributor to the economic growth of Thailand.

Keywords: Input-output analysis; multipliers; linkages; construction sector; Thailand (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/01446190802425560 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:conmgt:v:26:y:2008:i:11:p:1227-1240

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RCME20

DOI: 10.1080/01446190802425560

Access Statistics for this article

Construction Management and Economics is currently edited by Will Hughes

More articles in Construction Management and Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().