Defining an Industry: What is the Size and Scope of the Australian Building and Construction Industry
<p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">The analysis and understanding of the conduct and performance of an industry begins</span></p><p class="MsoN...
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| Format: | Article |
| Language: | English |
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UTS ePRESS
2011-08-01
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| Series: | Australasian Journal of Construction Economics and Building |
| Online Access: | https://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2280 |
| Summary: | <p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">The analysis and understanding of the conduct and performance of an industry begins</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">with a study of its structure. However, before analysing an industry's structure it is</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">necessary to define the industry and identify its size, scope and scale to establish its</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">true economic contribution. This paper discusses the size and scope of the Australian</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">building and construction industry, firstly, from a traditional industry economics approach</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">by firm size and business characteristics using data from three construction industry</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">surveys done over 15 years by the ABS. Secondly, data from an industry 'cluster'</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">perspective is shown. The objective of the paper is to compare the differences found in</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">industry size and scope in the structure-conduct-performance approach and the</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">alternative industry cluster approach. Each model reveals different characteristics of the</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">industry. The conclusion finds that the building and construction industry is a case</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">where the traditional structure-conduct-performance model cannot be easily applied.</span></p><p class="MsoNormal" style="margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"><span style="font-family: Arial; font-size: 10pt;">53</span></p> |
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| ISSN: | 1835-6354 1837-9133 |