1. Comparative study of construction industry growth and GDP growth in ASEAN countries.
- Author
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Setiawan, Wawan and Abduh, Muhamad
- Subjects
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GROWTH industries , *CONSTRUCTION industry , *GROSS domestic product , *SCATTER diagrams , *ECONOMIC forecasting ,DEVELOPING countries - Abstract
This paper is examining the role of the construction industry in economic development. The study was conducted in 8 countries (Indonesia, Malaysia, Singapore, Thailand, Timor-Leste, Viet Nam, Philippines, and Brunei Darussalam) which are members of the Association of Southeast Asian Nations (ASEAN) organization. All data was gathered form key performance indicator (KPI) of Asian Development Bank (ADB) database between 2000-2019. The analysis of 2 variables was conducted using scatter plot diagrams and linear regression (linear regression) to determine the trend. The findings of this study indicate there is positive relationship between the construction industry and economic growth in developing countries but not for developed countries. This finding also shows that construction growth in developing countries will tend to continue to increase following economic growth, while for developed countries construction industry growth tends to be flat or even decline for the foreseeable future. Among all the countries studied, the growth of construction industry both Timor-Leste and Indonesia are the fastest. In addition, the contribution of the construction industry to the GDP of the country of Timor-Leste and Indonesia in the highest ranking when compared to other countries studied. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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