Two well established stylized facts of economic development are a strong correlation between investment and income, and large differences in investment rates across countries. Construction is the largest component of investment. This paper examines the implications of heterogeneity in...

The Bruneian Government has set an ambitious target to achieve a top 10 ranking on the UNDP's Human Development Index (HDI) by 2035. To achieve its objective (described in a national strategy document called the Wawasan 2035), Brunei's economy needs to grow by 6%-7%. Is setting an HDI target a...

Das vorliegende Working Paper beinhaltet Vortragsmanuskripte zu drei Dissertationsprojekten, die in den Jahren 2002 und 2003 am Lehrstuhl erfolgreich abgeschlossen wurden. Es handelt sich dabei um die Arbeit von Dr. Klinke zum Finanzcontrolling in mittelständischen Bauunternehmen mit...

This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...

Ongoing pressure on prices for construction projects adds to the significance of cost estimation accuracy in building construction. Due to competition from Asian entrants, main contractors in the plant engineering industry are starting to face a similar situation. In the present paper, the cost...

Contracts should be matched to the unique situation of a Major Industrial Plant Project (MIPP). However, in reality, oftentimes contract forms are chosen that do not fit participant's (owners', contractors') competences and risk capabilities. In this paper, MIPP order contract forms are...

This paper presents the services trade restrictiveness indices (STRIs) for construction, architecture and engineering services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers....

The construction sector value added in Mozambique grew at an average annual rate of 12.8 per cent in 1993-2015. Investment in the basic infrastructure of health, education, and housing improved families' and communities' living conditions. Investment in roads, communications, and office...

As it transitions to an oil-producing country, Uganda's investments in infrastructure and physical capital will increasingly depend on the ability of the construction sector to respond to surges in demand and transform investment effort into outcomes. Using administrative and survey data, this...

The construction sector plays a critical role in delivering quality infrastructure, which in turn influences the use of natural resource revenues towards achieving structural change and industrial development. We use industrial organization and political economy lenses to describe and understand...