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Antwi, A and Deakin, M (1996) Discounting, obsolescence, depreciation and their effects on the environment of cities. Journal of Financial Management of Property and Construction, 1(02), 39–56.

Dawood, N N (1996) A strategy for a computer-based materials management system for the building industry. Journal of Financial Management of Property and Construction, 1(02), 17–28.

Elliot, C and Palmer, A (1996) Life cycle energy analysis of the building resource. Journal of Financial Management of Property and Construction, 1(02), 5–16.

Lowe, J G (1996) Technological change and construction. Journal of Financial Management of Property and Construction, 1(02), 65–94.

  • Type: Journal Article
  • Keywords: invention; innovation; diffusion; construction; technology
  • ISBN/ISSN: 1366-4387
  • URL: http://www.emeraldinsight.com/journals.htm?issn=1366-4387
  • Abstract:
    This paper presents an analysis of the process of technical change in the UK construction industry. It outlines the long-term approach of Joseph Schumpeter and the linkage between trade cycles and innovation. The paper commences with a review of the economic theory of technical change illustrated with examples from the four long Kondratieff cycles from the industrial revolution onwards. Technical change in the construction industry is analysed over this period and some distinguishing features are identified. Case studies are presented of the development of framed structures and the introduction of non-traditional housing notably system building and timber framed construction. An empirical analysis is undertaken covering the period from 1935 to 1990 to assess the impact of technical change on the construction process. The analysis appears to confirm the widely held view that the UK construction sector is remarkably resistant to change. There may be a degree of justification for this conservatism given the problems experienced with radical innovation in, for example, housing technology.

Plat, H T (1996) Property values and implications of refurbishment costs. Journal of Financial Management of Property and Construction, 1(02), 57–64.