Abstract
Purpose: The complex interaction of politics and the economy is a critical factor for the sustainable growth and development of the construction sector (CNS). This study aims to investigate the effects of type of political administration including democracy and military on the performance of CNS using the Nigerian Construction Sector (NCS) as a case study. Design/methodology/approach: A 48 year (1970–2017) time series data (TSD) on the NCS and the gross domestic product (GDP) based on 2010 constant USD were extracted from the United Nations Statistical Department database. Analysis of variance (ANOVA) and analysis of covariance (ANCOVA) models were used to analyze the TSD. The ANCOVA model includes the GDP as correlational variable or covariate. Findings: The estimates of the ANOVA model indicate that democratic administration is significantly better than military administration in construction performance. However, the ANCOVA model indicates that the GDP is more important than political administration in the performance of the CNS. The study recommends for a new national construction policy, favourable fiscal and monetary policy, local content development policy and construction credit guaranty scheme for the rapid growth and development of the NCS. Originality/value: Hitherto, little is known about the influence of political administration on the performance of the CNS. This study provides empirical evidence from a developing economy perspective. It presents the relationships and highlights recommendations for driving growth in the construction industry.
Original language | English |
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Pages (from-to) | 1-21 |
Number of pages | 21 |
Journal | Journal of Engineering, Design and Technology |
Volume | 22 |
Issue number | 1 |
DOIs | |
Publication status | Published - 9 Jan 2024 |
Keywords
- Comparative management study
- Construction economic
- Construction management
- Gross domestic product (GDP)
- Military administration and democratic administration
- Nigerian construction sector (NCS)
ASJC Scopus subject areas
- General Engineering