Construction Investment, the Multiplier and the Accelerator

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

Chapter 9 in The Economics of the Modern Construction Sector, 2000, pp 195-221 from Palgrave Macmillan

Abstract: Abstract This chapter discusses construction output and demand in relation to gross domestic fixed capital formation (GDFCF). This approach views construction output as investment in the productive capacity of the economy and hence as a contribution to economic growth.

Keywords: Capital Stock; Investment Decision; Construction Industry; National Income; Consumer Demand (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_9

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DOI: 10.1057/9780230510913_9

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