Purpose – On September 18, 2007, the Federal Reserve Open Market Committee took a major step by cutting the federal funds rate by one-half a percent (50 basis points). The only time this had happened in the USA was immediately after the September 11, 2001 attacks. Then the sub-prime...

As an economy approaches maturity, the relative importance of the construction sector would gradually decline. Without effective policies and strategies, the construction industry will suffer irreversably and this may trigger a knock-on effect to the overall economy. The experiences of selected...

The role of construction in economic development is an important issue facing the construction research community, government and international development agencies. Based on empirical analyses, the complexities of the relationship between construction activity and stage of economic development...

As a driving engine for growth, the construction industry plays an important role in a country's economic development process. Despite that, the industry is vulnerable to cyclical oscillation and at times more fundamental changes in work volume when the regional or global economy is hit by...

Acknowledging the importance of the private construction market and a close linkage between private construction investment, public sector output and general economic conditions, there is a strong motivation to develop reliable models to forecast private construction investment. Based on the...

Labour resources are invaluable assets in the construction industry. Nurturing a quality workforce and promoting stable employment for construction personnel have often been advocated as part and parcel of an industrial policy. Yet, the future labour market of the industry is always uncertain,...

This article uses the Singapore Labour Force survey data to examine the determinants of workers' participation in training programmes in Singapore. The results show that different socio-demographic and employment related characteristics affect the training participation of workers. Well-educated...