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In every country there is a hidden economy operating alongside the formal economy. The published national statistics record only the formal economy. These statistics indicate that the construction industry is an important source of both wealth creation and employment despite the fact that they...
Persistent link: https://www.econbiz.de/10005482423
Trinidad and Tobago is a small open oil- and gas-based economy that has experienced the effects of boom and bust and the associated fluctuations in income and employment. This paper focuses on the behaviour of the construction sector and its relationship to income and employment over the last...
Persistent link: https://www.econbiz.de/10005445664
The relationship between gross domestic product and the output of the construction industry is quantified, using as a case study the economy of Trinidad and Tobago (T&T). A historical perspective is used in order that anomalies can be set within the context of the relevant time and...
Persistent link: https://www.econbiz.de/10005445732