The construction industry has performed the motor force of economic growth in the past 50 years since 1970 in our country. But, it has turned out that the growth rate of the sector of the construction industry is lower than GDP growth rate by 2010 sin...
The construction industry has performed the motor force of economic growth in the past 50 years since 1970 in our country. But, it has turned out that the growth rate of the sector of the construction industry is lower than GDP growth rate by 2010 since the IMF financial crisis in 1997. The growth recession of the construction industry is very serious matter because of diminishing the whole competitiveness of the national economy beyond diminishing competitiveness of the construction industry. If so, I raised a question which factors lead to the crisis of the construction industry which is a core industry of economic growth. In this sense, In this research, I have analysed the growth factors of the construction industry by using an input-output analysis to enhance the competitiveness of the construction industry through I-O table of year from 2000 to 2010 of korea. Suggestions that could be obtained through this study are following: 1. It has turned out that the growth recession of the construction industry be caused by diminishing of final demand in the past 10 years since IMF financial crisis. 2. It has analysed that Export according to the construction industry was contributed greatly to the growth of the construction industry. 3. It has turned out that it was insignificant technological advancement in the construction industry. It suggest that it need to concentrate a political competence in technological improvement and Export according to the construction industry instead of depending on final demand to enhance the competitiveness of the construction industry.