Development of Organizing and Economic Measures for Monitoring the Cost of Construction Resources

Silka, Dmitriy

doi:10.1051/matecconf/201710608042

Cited by 2 publications

(1 citation statement)

References 5 publications

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“…State investments in the construction industry have significantly furthered infrastructure development in Russia. Many studies on the role of the construction industry in regional economic growth have been published, which corroborate their close relationship (Silka 2017;Jonga et al 2008;Okoye et al 2017). The economic growth literature demonstrates a non-linear correlation between the amount of state financing and economic growth.…”

Section: Introductionmentioning

confidence: 75%

Construction Sector Role in Gross Fixed Capital Formation: Empirical Data from Russia

Stupnikova

Sukhadolets

2019

Economies

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The purpose of this study was to research and understand the interrelations between the growth of gross fixed capital formation (GFCF), the volume of construction industry, supply of interindustry balance, and amount of fixed-asset investments in Russia between 2000 and 2016. The autoregressive distributed-lagged (ARDL) bound testing methodology and regression analysis were applied to evaluate the cointegration and influence of construction industry volume on gross fixed-capital formation. Empirical studies on the role of the construction industry are at the forefront of economic research; however, ARDL modeling studies of GFCF have yet to be conducted in Russia. The study revealed a non-linear causation between construction industry volume and the growth in GFCF over a long time period. The correlation was stationary and cointegrated. Fixed investment positively affected gross fixed capital formation only in periods of economic expansion, whereas the effectiveness of fixed-asset investments had greater volatility in times of crisis. The construction industry was not practically affected by crisis shocks, demonstrating a permanent stationarity in the causal relationship with GFCF, whereas causal relations between GFCF and the supply of interindustry balance were absent. The results are important for further research in the field of economic growth, the development of a national budget and investment policy, as well as investment project selection.

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Section: Introductionmentioning

confidence: 75%

Construction Sector Role in Gross Fixed Capital Formation: Empirical Data from Russia

Stupnikova

Sukhadolets

2019

Economies

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An Application of Analytic Hierarchy Process (AHP) for Sustainable Procurement of Construction Equipment: Multicriteria‐Based Decision Framework for Malaysia

Waris

Panigrahi

Mengal

et al. 2019

Mathematical Problems in Engineering

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Sustainable procurement is an emerging theme in the construction industry across the globe. However, organizations in the construction industry often encounter impediments in improving environmental performance in construction projects, especially in procurement. Besides its other facets, procurement of construction equipment is inherited to be capital-intensive and vital for managing environmental concerns associated with built environment projects. In this regard, selection criteria in such procurement processes are generally supportive of considering cost and engineering specifications as key parameters. However, sustainability apprehensions in today’s Malaysian construction industry have mounted pressure on industry professionals to rethink their equipment acquisition strategies. The notion of green or sustainable procurement is still infancy for the Malaysian construction industry and facing challenges for embedding it in the current procurement practices. This research aims to address these apprehensions by considering six main criteria, namely, life cycle cost (LCC), performance (P), system capability (SC), operational convenience (OC), environmental impact (EI), and social benefits (SBs), and their 38 subcriteria towards procurement of sustainable construction equipment. A multicriteria-based equipment selection framework on the triple bottom line of sustainability in the context of the Malaysian construction industry has been developed and tested. The application of analytical hierarchy process (AHP) established the sustainable procurement index with a consistent sensitivity analysis results. As such, the proposed procurement index shall help decision-makers in the process of the acquisition of sustainable construction equipment in Malaysia.

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Development of Organizing and Economic Measures for Monitoring the Cost of Construction Resources

Cited by 2 publications

References 5 publications

Construction Sector Role in Gross Fixed Capital Formation: Empirical Data from Russia

Construction Sector Role in Gross Fixed Capital Formation: Empirical Data from Russia

An Application of Analytic Hierarchy Process (AHP) for Sustainable Procurement of Construction Equipment: Multicriteria‐Based Decision Framework for Malaysia

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