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Relationships between Engineering Construction Standards and Economic Growth in the Construction Industry: The Case of China’s Construction Industry

  • Construction Management
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Abstract

Although standards have a significant effect on economic growth in the construction industry, the effect of engineering construction standards on construction industry economics remains a relatively unexplored subject. In theory, standards as a technology indicator have an impact on economic growth. Therefore, we investigate the relationships between engineering construction standards and economic growth in the construction industry. A Cobb-Douglas production function and a VAR model are established to explore relationships between engineering construction standards and economic growth in the construction industry. Our results suggest that co-integration relationships are evidenced between engineering construction standards and economic growth in the construction industry, and engineering construction standards have a positive effect on economic growth in the construction industry.

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Authors and Affiliations

  1. School of Management, Harbin Institute of Technology, Harbin, 150001, China

    Hong Xue

  2. School of Civil Engineering, Harbin Institute of Technology, Harbin, 150001, China

    Shou Jian Zhang

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  1. Hong Xue
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  2. Shou Jian Zhang
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Correspondence to Hong Xue.

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Xue, H., Zhang, S.J. Relationships between Engineering Construction Standards and Economic Growth in the Construction Industry: The Case of China’s Construction Industry. KSCE J Civ Eng 22, 1606–1613 (2018). https://doi.org/10.1007/s12205-017-1990-y

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