Assessment of Economic Sustainability in the Construction Sector: Evidence from Three Developed Countries (the USA, China, and the UK)

The construction sector plays a significant role in contributing to uplifts economic stability by generating employment and providing standardized social development. Economic sustainability the has been less addressed despite its wide applicability economy. This study aimed perform comparative analysis determine application of circular economy toward sustainability, along with long-term forecasting. A time series was used on United States America (USA), China, Kingdom (UK) from 1970 2020, taking into account individual effects propose framework global validity. Statistical performed analyze dependence short- contributions. results revealed that sectors these countries tend bounce back equilibrium case short-term effects; however, behaves differently respect each after experiencing effects. show explanatory power forecasting model (R2) found be 0.997, 0.992, 0.996 for USA, UK. Based concept economy, it concluded USA will become leader attaining owing ability recover quickly shocks, largest terms GDP, USD 0.3 trillion higher GDP than Chinese sector. Meanwhile, there no change UK up end 2050. Moreover, speeds long run UK, regaining their original positions, is 0.267%, 1.04%, 0.41% respectively. significance acting as guideline introducing environmental policies, because potential possible recessions respective countries.