Construction linkages in a developing economy: the case of Sri Lanka

Rameezdeen, Raufdeen; Ramachandra, Thanuja

doi:10.1080/01446190802017706

Cited by 21 publications

(15 citation statements)

References 19 publications

(22 reference statements)

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“…Bon (1992) introduced the inverted U curve to depict the evolving role of the construction industry in the economy as it develops from LDC to NIC to AIC. Rameezdeen and Ramachandra (2008) discovered that the contribution of construction to gross national product (GNP) and national income (NI) was lower in Sri Lanka than in developed countries, which would serve as an example of the "Bon curve". Using data from 1973 to 2002, Gundes (2011) also found a strong correlation between construction activities and economic development in Turkey although the GNP share of the construction industry had been declining since the 1990s.…”

Section: Share Of the Construction Industry In The Economymentioning

confidence: 98%

Causal relationship between construction activities, employment and GDP: The case of Hong Kong

Chiang

Wong

2015

Habitat International

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Section: Share Of the Construction Industry In The Economymentioning

confidence: 98%

Causal relationship between construction activities, employment and GDP: The case of Hong Kong

Chiang

Wong

2015

Habitat International

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“…Also, Zheng et al (2012) reported that property price and construction industry's output are positive related. Empirical evidence has established that a strong positive relationship exist between the construction industry and the economy (Rameezdeen and Ramachandra, 2008;Dang and Low, 2011). It is therefore reasonable to infer that the real estate sector plays a critical role in the economy.…”

Section: Introductionmentioning

confidence: 99%

Adequacy of core knowledge and soft skills in the performance of professional employees of real estate firms in Nigeria

Oladokun

Gbadegesin

2017

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Purpose Real estate professionals are a vital resource to the property firms and the industry at large. Employees’ skills, knowledge and competence contribute in great measure to organization’s business performance. The purpose of this paper is to examine the adequacy of core knowledge and soft skills possessed by professional employees within the Nigerian real estate practicing firms. It also assesses the performance of the employees and establishes the correlation among the soft skills possessed by employees. Design/methodology/approach Data for this study were elicited through the administration of questionnaires on principal partners/branch managers (the employers) of the practicing estate surveying and valuation firms in Lagos metropolis. Data collected were analyzed using descriptive statistics, one-sample t-test and correlation analysis. Findings The result indicates that employees of estate firms in Nigeria demonstrate adequate knowledge in ten out of 21 core areas of real estate practice, while real estate agency has the highest mean, and inadequate knowledge in six others with least mean score in environmental impact assessment. The study also revealed that employees possess good listening and communication skills but are deficient in courteousness and writing skill, among others. It was also found that real estate employees were performing the best in inspection functions but below average in report writing and handling of transaction. The study also established a significant relationship among all the soft skills except communication skill and courteousness. Research limitations/implications Further study that looks at the performance of real estate graduates working in other sectors/organizations other than estate companies is required to establish their competence level in global employment market. Further study is also needed to cover the views of the employees in Nigerian market as this study focuses on the views of the employers. Originality/value This study provides an important feedback for the policy makers in the design/review of curriculum for real estate education towards enhancing employability of the graduates. This study also serves as the research blueprint in giving attention to assessment of soft skills among real estate employees in Nigerian real estate industry.

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“…Construction has strong linkages with many other economic activities and whatever happens to the industry will influence other industries and ultimately the general economy (Ball, 1988; Bon et al , 1999; Pietroforte and Bon, 1995; Bon, 2000; Pietroforte et al , 2000; Rameezdeen and Ramachandra, 2008).…”

Section: Introductionmentioning

confidence: 99%

Liquidation and its effects on construction trade creditors in New Zealand

Ramachandra

Rotimi

2012

J of Fin Man of Prop and Cons

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PurposeThe construction industry suffers from significantly large number of insolvencies than other industries due to its inherent characteristics and these have dire consequences on project participants and the industry at large. The purpose of this paper is to determine both the causes of liquidation and the distribution of losses to construction parties through an analysis of liquidators' reports on some construction firms based in New Zealand.Design/methodology/approachThe study collates primary information from Liquidators' reports for firms operating within three main sub‐sectors of the construction industry. The information was then analysed using simple interpretative techniques for the period covering 2005 to 2009. Altogether the data set used for the analyses included 65 construction firms.FindingsThe major reasons for construction insolvencies are found to be: financial difficulties due to non‐payment, poor debt management, drop in property prices, and the liquidation of related companies. Other reasons are discussed within the paper. The paper also illustrates that liquidation of construction firms causes payment delays and consequential losses to project stakeholders. The results show that settlements of trade creditors take an average of 18 months and payment is usually not received fully after liquidation proceedings. It is apparent that there is little security for payment losses in construction insolvencies.Originality/valueIn this paper, information on reasons for and the consequences of liquidation provide a valuable thought‐starter for managing payment problems in the construction industry. The paper extends knowledge on possible security to payment losses experienced by lower tier project participants when the upper tiers become illiquid.

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Construction linkages in a developing economy: the case of Sri Lanka

Cited by 21 publications

References 19 publications

Causal relationship between construction activities, employment and GDP: The case of Hong Kong

Causal relationship between construction activities, employment and GDP: The case of Hong Kong

Adequacy of core knowledge and soft skills in the performance of professional employees of real estate firms in Nigeria

Liquidation and its effects on construction trade creditors in New Zealand

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