The construction and housing sectors in four Nordic countries 1966-1989-some aspects

In a study presented in Sydney, Swärd (1990), demand for construction was estimated by classifying the economy into sectors. A crucial characteristic of the sector classification is that the use of building capital as a factor of production varies between sectors. Thus the distribution of sectoral demand for gross fixed capital formation, GFCF, in building is radically different from the distribution of value added.