Construction and Value Added

Graham J. Ive and Stephen L. Gruneberg
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Graham J. Ive: University College London
Stephen L. Gruneberg: University College London

Chapter 1 in The Economics of the Modern Construction Sector, 2000, pp 3-28 from Palgrave Macmillan

Abstract: Abstract Production is continually changing. Output is always growing or declining and altering in composition. Products and services are made in different ways. The uses to which output is put change. The size and number of providers varies over time. It is therefore difficult to define the limits of the construction sector without making an arbitrary cut off at some point. This would apply to any branch of production, not just construction. Nevertheless, it is clear both theoretically and from published statistics that the construction sector is an important, large, distinct, though not isolated, part of the economy.

Keywords: Civil Engineering; Construction Industry; Intermediate Good; Construction Sector; Primary Sector (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51091-3_1

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DOI: 10.1057/9780230510913_1

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