Abstract
Academic research into building economics is comparatively new, if by academic research we mean the kind of research we have in well-established academic disciplines. It seems that a new discipline, like building economics, goes through a set of stages before it reaches scientific maturity. Initially, there is no research and the writing is prescriptive. When the research begins, it's essentially descriptive. This stage is followed by a stage of explanatory or analytical research where the aim is to build and test theories. The final step is the problem-solving stage where the theories and analytical techniques developed in the previous stage are used for forecasting and predictions or to solve practical problems.
| Original language | English |
|---|---|
| Title of host publication | Modern Construction Economics: Theory and Application |
| Editors | Gerard De Valance |
| Place of Publication | U.K. |
| Publisher | Spon |
| Pages | 191-212 |
| Number of pages | 22 |
| ISBN (Electronic) | 9780203926895 |
| ISBN (Print) | 9780415397063 |
| Publication status | Published - 2011 |
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