AN ANALYSIS OF THE IMPACT OF GOVERNMENT POLICY ON THE CONSTRUCTION SECTOR

Abstract

This academic article aims to analyze the impact of government policies on the construction industry in Thailand by examining various dimensions, including infrastructure investment policies, environmental and energy policies, tax and financial incentive policies, labor and safety laws, and the effects of political changes. The study adopts a qualitative analytical approach through a review of literature and research reports from governmental agencies and international organizations 2022-2024. The findings reveal that government policies play a crucial role in guiding the development direction of the construction industry, particularly through infrastructure investments. These investments help stimulate economic growth in a tangible way. However, policy discontinuity and a lack of private sector involvement remain significant challenges. The study indicates that in order for policies to be most effective, they must be consistent, promote innovation, encourage public-private collaboration, and be supported by a systematic monitoring and evaluation framework. The new body of knowledge derived from this research highlights the importance of evidence-based policymaking and adaptability toward sustainable development, which will ultimately lead to long-term stability and sustainability in the construction industry.