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Government influence on the construction industry during the economic recession 2007 – 2013

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dc.contributor.author Tansey, Paul
dc.contributor.author Spillane, John P.
dc.date.accessioned 2018-09-20T07:51:53Z
dc.date.available 2018-09-20T07:51:53Z
dc.date.issued 2014
dc.identifier.uri http://hdl.handle.net/10344/7155
dc.description peer-reviewed en_US
dc.description.abstract Due to the high degree of international and economic integration across the globe, the 2007 global financial crisis quickly spread, causing recessions and widespread credit restrictions in advanced nations. During recessions, economic fluctuations cause dramatic changes to the market structure of industries, in particular, that of the construction sector. These structural changes can be further influenced by government strategies and policies; which if used incorrectly, can serve to fuel and exacerbate downturns. In contrasting form, during an economic recession, government strategies and policies can also be used to aid in exiting such economic turbulence. From an extensive review of literature it became apparent that very little research offered a comprehensive and systematic overview of Irish and UK construction related government policies and strategies adopted during recessions; hence the emergence of this topic. As part of an ongoing research PhD, the purpose of this paper is to collate and group Irish and UK Government strategies and policies adopted for the construction sector during the recession period 2007-2013; resulting in the establishment of a construction industry development framework and a taxonomic framework. The results reveal serious problems with the national strategic plan for the Irish construction industry, given that there is no overseeing body or target dates for implementation of the proposed actions. Furthermore, both countries failed to prioritize the proposed key actions within their strategic plans. The findings of this paper can be applied in the context of the construction sector to address shortcomings in the respective subsectors, while also aiding policy makers and company executives in mapping out future strategic milestones. en_US
dc.language.iso eng en_US
dc.publisher ARCOM: Association of Researchers in construction Management en_US
dc.relation.ispartofseries Proceedings 30th Annual ARCOM Conference, Raiden, A B and Aboagye-Nimo, E (Eds);pp. 1101-1110
dc.relation.uri http://www.arcom.ac.uk/abstracts-results.php?s=30th Annual ARCOM Conference&v=&i=&b=b&p=8419#8419
dc.rights First published by ARCOM:http://www.arcom.ac.uk/abstracts-results.php?s=30th Annual ARCOM Conference&v=&i=&b=b&p=8419#8419 en_US
dc.subject economic development en_US
dc.subject government policies en_US
dc.subject recession en_US
dc.subject taxonomy en_US
dc.title Government influence on the construction industry during the economic recession 2007 – 2013 en_US
dc.type info:eu-repo/semantics/conferenceObject en_US
dc.type.supercollection all_ul_research en_US
dc.type.supercollection ul_published_reviewed en_US
dc.rights.accessrights info:eu-repo/semantics/openAccess en_US


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