Analysis on the Relationship between GDP and Construction Based on the Data of UK and China

DOI

10.2991/icetms.2013.369How to use a DOI?

Keywords

Construction; National Economy; GDP; China; UK

Abstract

When probing into the relationship of real growth between construction and national economy, this paper finds that the value and growth rate of construction and GDP are highly related, and the situation in China is similar to UK, which is dependent on the nature of construction and its high investment multiplier. However, in China Construction and economy grow faster, and their correlation coefficient is higher than which in UK. The Catch-up Effect and Bon’s Curve can explain the former question, and construction administration and industrial policy in China can explain, to some extent, the later question. It is useful to understand the law of construction development for the promotion of construction economy steadily.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qifa Jiang
PY  - 2013/06
DA  - 2013/06
TI  - Analysis on the Relationship between GDP and Construction Based on the Data of UK and China
BT  - Proceedings of the 2013 Conference on Education Technology and Management Science (ICETMS 2013)
PB  - Atlantis Press
SP  - 1378
EP  - 1381
SN  - 1951-6851
UR  - https://doi.org/10.2991/icetms.2013.369
DO  - 10.2991/icetms.2013.369
ID  - Jiang2013/06
ER  -