Investment in infrastructure as a key to sustainable economic recovery: the role of the building industry

Ruddock, L and Ruddock, S (2022) Investment in infrastructure as a key to sustainable economic recovery: the role of the building industry. International Journal of Strategic Property Management, 26 (6). pp. 439-449. ISSN 1648-715X

Preview

Text
18430-Article Text-72677-1-10-20230118.pdf - Accepted Version
Available under License Creative Commons Attribution.
Download (274kB) | Preview

Official URL: https://doi.org/10.3846/ijspm.2022.18430

Abstract

The focus of this paper is the role of the building industry in post-COVID-19 economic recovery plans. Investment in infrastructure forms a major part of many countries’ strategies to engender economic growth and construction is the pivotal industry in enabling the implementation of the plans in a sustainable manner. This study looks at the effects of investment in infrastructure on the economy with reference to the role of the construction industry in delivering this investment. Basic issues are considered, particularly concerning how relevant investment can be measured and how the contribution of the construction sector can be realistically assessed. A review of data sources and empirically peer-reviewed papers is undertaken. Based on longitudinal time series data from national statistics agencies and international organizations, analysis is undertaken to discover the relationship between infrastructure investment and economic growth. The study focuses on the UK, but comparisons are made with other countries to consider alternative approaches to stimulus investment policies with digitalization, and sustainability and green investment being a growing feature of investment plans. Potential issues of these approaches are examined and the main barriers to their achievement are identified. Emerging trends and a set of policy agendas are proposed to guide future directions.

Item Type:	Article
Sustainable Development Goals:	Goal 3: Good Health and Well-Being Goal 8: Decent Work and Economic Growth Goal 9: Industry, Innovation, and Infrastructure Goal 11: Sustainable Cities and Communities Goal 16: Peace, Justice, and Strong Institutions
Keywords:	COVID-19, construction industry, infrastructure, environmental policy, sustainable recovery, economic growth.
Divisions:	School of the Built Environment > Research
Depositing User:	Steve Ruddock
Date Deposited:	11 May 2023 15:51
Last Modified:	24 May 2023 14:01
URI:	https://ucem.repository.guildhe.ac.uk/id/eprint/80

Actions (login required)

Edit Item