- 82 Downloads
The construction industry is a major constituent of European economies. The gross output of the sector in the European Union (EU) represented 10.4 per cent of GDP and 5.4 per cent of total value added (2000 figures). The sector also accounts for one half of gross capital formation. However, the share of construction expenditure in GDP has been declining steadily since 1973, with the exception of a small boom at the end of the 1980s. The evolution is basically the same for residential and non-residential components, paralleling other industrialised countries.
KeywordsEuropean Union Real Estate Shadow Economy Construction Sector Capital Intensity
Unable to display preview. Download preview PDF.
- Boussabaine, A.H. and A.P. Kaka (1998), ‘A Neural Networks Approach for Cost Flow Forecasting’, Construction Management & Economics, 16(4), 471–9.Google Scholar
- Campinos-Dubernet, M. (1988), ‘Diversite des formes de gestion de la variabilite des processus du bâtiment: effet sectoriel ou effet national?’, Actes du Coltoque ‘Europe et Chantiers’, Plan Construction et Architecture, Paris.Google Scholar
- Commission of the European Communities (1997), The Competitiveness of the Construction Industry, Communication from the Commission, November.Google Scholar
- Eurostat, European Facts and Figures, Data1990–2000, Office for Official Publications of the European Communities, Luxembourg, 2002.Google Scholar
- Goh, B.H. (1996), ‘Residential Construction Demand Forecasting Using Economic Indicators: A Comparative Study of Artificial Neural Networks and Multiple Regression’, Construction Management & Economics, 14(1), 25–34.Google Scholar
- Veldhoen, E. and B. Piepers (1995), The Demise of the Office — The Digital Workplace in a Thriving Organisation, Uitgeverij 010 Publishers, Rotterdam.Google Scholar