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المؤلفDehdasht, Gholamreza
المؤلفFerwati, M. Salim
المؤلفAbidin, Nazirah Zainul
المؤلفOyedeji, Michael Olubukola
تاريخ الإتاحة2023-10-03T05:03:01Z
تاريخ النشر2022
اسم المنشورJournal of Financial Management of Property and Construction
المصدرScopus
الرقم المعياري الدولي للكتاب13664387
معرّف المصادر الموحدhttp://dx.doi.org/10.1108/JFMPC-08-2020-0054
معرّف المصادر الموحدhttp://hdl.handle.net/10576/48180
الملخصPurpose: The transition of Malaysia from a developing country to a developed country was considered in vision 2020, whereby an average construction contribution of 6.0% in growth domestic product (GDP) per annum was required. Despite this importance, still, the Malaysian construction industry has not reached the target yet. Understanding the weakness and strength of this industry can be an effective way to help the policymakers in selecting the best strategy in the promotion of the Malaysian construction industry in GDP growth. Hence, the purpose of this paper is to present an overview of the current issues and challenges faced by the contribution of the Malaysian construction industry in GDP growth. Design/methodology/approach: To achieve this objective, all the latest statistical data presented by the Department of Statistic and Construction Industry Development Board in Malaysia until March 2018 being collected and interpreted. Furthermore, through the literature review, the most significant challenges encountered by the Malaysian construction industry identified, compared and presented. Findings: The results highlight that the contribution of Malaysian construction into GDP is increasing with a gentle slope. Nonetheless, the Malaysian construction industry has a high impact on the employment rate. More investment in the construction sector is required to meet an average of 6% contribution in GDP. Also, to be able to seize new opportunities in the global construction market, more exerted efforts have to overcome the challenges faced by this industry. Practical implications: This study offers practical implications to policy and decision makers in the Malaysian construction industry. Despite the constant growth of the Malaysian construction industry in recent years, there is a need for more investments and overcome to challenges to encounter an average of 6% contribution in GDP. This study provides an overview and insights to investors, stockholders and managers to formulate a long-term plan promoting the efficiency of the Malaysian construction industry. Originality/value: This study through explaining, comparing and interpreting the real statistical data, through the tables, figures and graphs, simplified the understanding of the weakness and strength of the Malaysian construction industry.
اللغةen
الناشرEmerald Group Holdings Ltd.
الموضوعChallenges
Construction industry
Economic growth
GDP
Issues
Malaysia
العنوانTrends of construction industry in Malaysia and its emerging challenges
النوعArticle
الصفحات161-178
رقم العدد2
رقم المجلد27
dc.accessType Abstract Only


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