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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/12261

Title: Review of exogenous economic indicators influencing construction Industry
Authors: Asamoah, Richard Oduro
Baiden, Bernard K.
Nani, Gabriel
Kissi, Ernest
Issue Date: 4-Dec-2019
Publisher: Hindawi
Citation: Advances in Civil Engineering Volume 2019, Article ID 6073289, 8 pages
Abstract: Research works into the effect of economic factors on the construction industry are enormous. But finding the core economic factors is limited in the Ghanaian construction industry. In an attempt to address this research gap, this study articulates the aim of identifying exogenous economic factors influencing the construction industry through a qualitative literature review. ,e study used secondary data collected from over 50 published journals, conference papers, and dissertations on exogenous factors. Fiftynine exogenous factors were identified, and the most prevailing ones were GDP, exchange rate, inflation, interest rate, consumer price index, etc. It also revealed that black market is a factor affecting construction industry in Saudi Arabia. ,e study contributes to the literature by highlighting generic and specific exogenous factors that should be of concern to players in the construction industry including policy makers in their project planning. ,is will help to reduce the incidence of high failure rate of construction firms. Again, it establishes the need to further study the real impact of these exogenous factors as well as the strategies to mitigate the influence of exogenous factors on the construction industry as this study was limited to qualitative literature review.
Description: An article published by Hindawi and also available at https://doi.org/10.1155/2019/6073289
URI: http://hdl.handle.net/123456789/12261
Appears in Collections:College of Arts and Social Sciences

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