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A macroeconomic regression analysis of the European construction industry

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A macroeconomic regression analysis of the European construction industry

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dc.contributor.author Pellicer Armiñana, Teresa María es_ES
dc.contributor.author Pellicer Armiñana, Eugenio es_ES
dc.contributor.author Eaton, David
dc.date.accessioned 2016-04-05T09:37:12Z
dc.date.available 2016-04-05T09:37:12Z
dc.date.issued 2009
dc.identifier.issn 0969-9988
dc.identifier.uri http://hdl.handle.net/10251/62227
dc.description.abstract Purpose – The purpose of this paper is to analyse the international construction sector from a macroeconomic point of view through production functions. The aim is to contribute additional knowledge on the European construction sector, highlighting differences in the industry among European countries Design/methodology/approach – In order to analyse the sector panel, data from 1996-2005 for nine European countries were used. Raw data were obtained from Eurostat (Bach Project). Variables for the production functions were chosen after a correlation analysis. Annual turnover was taken as the dependent variable, whereas total assets and personnel costs were the independent variables. The econometric regression models considered were linear (bivariate and multivariate) and logarithmic (Cobb-Douglas). Findings – In spite of the limitations stated, there are some factors that can explain the results obtained, such as the diverse preponderance of small and medium enterprises and the different roles played by informal economy, migration and subcontracting in each of the countries. Research limitations/implications – Data collected by Eurostat are provided by the enterprises voluntarily. This implies a bias in the representativeness of the data. Thus, the discrepancies and inconsistencies in the results obtained are a direct consequence of the data limitations. Furthermore, the regression models obtained should be tested using future data to predict the behaviour of the construction industry in each one of the countries. Originality/value – The use of production functions in the construction industry is a novel approach that should be further developed to gather more precise information on the behaviour of the sector. es_ES
dc.language Inglés es_ES
dc.publisher Emerald es_ES
dc.relation.ispartof Engineering, Construction and Architectural Management es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Europe es_ES
dc.subject Macroeconomics es_ES
dc.subject Production economics es_ES
dc.subject Construction industry es_ES
dc.subject Small to medium-sized enterprises es_ES
dc.subject.classification PROYECTOS DE INGENIERIA es_ES
dc.subject.classification INGENIERIA DE LA CONSTRUCCION es_ES
dc.subject.classification EXPRESION GRAFICA ARQUITECTONICA es_ES
dc.title A macroeconomic regression analysis of the European construction industry es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1108/09699980911002584
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Ingeniería de la Construcción y de Proyectos de Ingeniería Civil - Departament d'Enginyeria de la Construcció i de Projectes d'Enginyeria Civil es_ES
dc.description.bibliographicCitation Pellicer Armiñana, TM.; Pellicer Armiñana, E.; Eaton, D. (2009). A macroeconomic regression analysis of the European construction industry. Engineering, Construction and Architectural Management. 16(6):573-597. doi:10.1108/09699980911002584 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion http://dx.doi.org/10.1108/09699980911002584 es_ES
dc.description.upvformatpinicio 573 es_ES
dc.description.upvformatpfin 597 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 16 es_ES
dc.description.issue 6 es_ES
dc.relation.senia 37483 es_ES
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