This innovative Research Companion considers the history, nature and status of construction economics, and its need for development as a field in order to be recognised as a distinct discipline. It presents a state-of-the-art review of construction economics, identifying areas for further research.
Contributors explore topics that have been under-discussed in the literature, including the philosophy of construction economics and its practice in classical antiquity. Chapters also offer new takes on the development of the construction industry, the economics of housing, construction labour and the economics of informatics applications. Comprehensive in outlook, the Research Companion goes on to provide in-depth analyses of procurement, bidding, stakeholder management, construction data, transaction costs and sustainability in construction.
The Research Companion will be critical reading for scholars and students of construction economics, construction management, cost engineering, quantity surveying, urban economics and institutional economics. Its use of empirical research and exploration of the methods of analysis used in construction economics will also be beneficial for administrators of the construction industry and practitioners in these fields.
Author(s): George Ofori
Series: Elgar Companions to the Built Environment series
Publisher: Edward Elgar Publishing
Year: 2022
Language: English
Pages: 576
City: Cheltenham
Front Matter
Copyright
Contents
List of contributors
Foreword
Preface
List of abbreviations
1. Introduction to the Research Companion to Construction Economics
2. Construction economics: its origins, significance, current status and need for development
3. The philosophy of construction economics
4. The nature and development of construction economics
5. Construction economics in antiquity
6. Construction in the economy and in national development
7. Construction project economics
8. Dynamics of construction industry development
9. Applications of mainstream economic theories to the construction industry: transaction costs
10. Construction industry and the Sustainable Development Goals (SDGs)
11. Sustainability economics and the construction industry
12. International construction data: a critical review
13. Measuring and comparing construction costs in different locations: methods and data
14. New trends in international construction
15. Economics of trust in construction
16. The builders of cities: prospects for synergy between labour and the built environment
17. Economic principles of bidding for construction projects
18. Procurement and delivery management
19. The economics of housing policy and construction: developing a responsive supply sector
20. A review of stakeholder management in construction
21. The global construction market
22. Relational impacts of corruption on the procurement process: implications for economic growth in developing countries
23. Economic considerations in the procurement and deployment of construction informatics applications
24. The future: new directions of construction economics research
Index
