An input-output analysis of the construction sector in highly developed economies

Abstract

Using OECD input/output tables at current and constant prices, this paper analyses the performance of the construction sector of eight highly industrialized countries - Australia, Canada, Denmark, France, Germany, The Netherlands, Japan and the USA - in the 1970s and 1980s. First, the main characteristics of the data set with country and time coverage are briefly introduced. Then, a set of simple indicators is used for comparative purposes, namely to assess the construction sector's diminishing role in terms of share in gross output, value added and GNP. Analysis focuses also on technologies, with emphasis on the relative role of manufacturing and services inputs. Lastly, standard measures of linkages are used to determine the main sources of induced output that are created by the push and pull effects of the construction sector on the rest of the economy.