Constructing the Economy: The Role of Construction Sector in India’s Growth View Full Text


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Article Info

DATE

2008-07-18

AUTHORS

Hrushikesh Mallick, Mantu Kumar Mahalik

ABSTRACT

On empirically examining the importance of construction sector in propelling economic growth rate in India, the study has found that in the presence of the dominant influence of capital stock, the impact of the construction sector gets blurred or neutralized. Once capital stock is dropped from the model, the construction sector emerges as a significant determinant of economic growth, while other financial variables such as interest rate and non-food bank credit including the financial liberalization dummy do not play significant roles in economic growth. However, from an investigation of the impact of the construction sector on economic growth through the channel of employment, it is seen that the construction sector might be impacting the growth rate through increasing employment and thereby increasing the aggregate output in the economy. More... »

PAGES

368-384

References to SciGraph publications

  • 2001-09. Public Capital and Economic Growth: A Convergence Approach in JOURNAL OF ECONOMIC GROWTH
  • 2003-11. Residential Fixed Investment and the Macroeconomy: Has Deregulation Altered Key Relationships? in THE JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS
  • Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1007/s11146-008-9137-z

    DOI

    http://dx.doi.org/10.1007/s11146-008-9137-z

    DIMENSIONS

    https://app.dimensions.ai/details/publication/pub.1012002237


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