Evaluation of the Construction Sector: a Data Envelopment Analysis Approach

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Evaluation of the Construction Sector: a Data Envelopment Analysis Approach

Popis výsledku v původním jazyce

This article deals with the evaluation of the efficiency of the construction sector at the level of individual EU countries. The construction sector is an integral part of the economy in every country, and has a considerable impact on the economy. Efficiency is calculated using a non-parametric deterministic method of data envelopment analysis. Radial input-oriented models are constructed separately for individual years. The gross output and value added variables are used as the output variables. The labor and capital factors (i.e., inputs) are expressed using the total hours worked and nominal gross fixed capital formation variables. The data used are contained in the EU KLEMS database. The results show that countries such as Austria and Belgium are efficient throughout the period under review. The efficiency of the Austrian construction industry is largely determined not only by a high increase in production volume (output of construction, construction of civil engineering and construction of buildings), but also by an increase in labor productivity in this sector which is above the European average.

Název v anglickém jazyce

Evaluation of the Construction Sector: a Data Envelopment Analysis Approach

Popis výsledku anglicky

This article deals with the evaluation of the efficiency of the construction sector at the level of individual EU countries. The construction sector is an integral part of the economy in every country, and has a considerable impact on the economy. Efficiency is calculated using a non-parametric deterministic method of data envelopment analysis. Radial input-oriented models are constructed separately for individual years. The gross output and value added variables are used as the output variables. The labor and capital factors (i.e., inputs) are expressed using the total hours worked and nominal gross fixed capital formation variables. The data used are contained in the EU KLEMS database. The results show that countries such as Austria and Belgium are efficient throughout the period under review. The efficiency of the Austrian construction industry is largely determined not only by a high increase in production volume (output of construction, construction of civil engineering and construction of buildings), but also by an increase in labor productivity in this sector which is above the European average.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

10102 - Applied mathematics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Mathematical Methods in Economics 2021: Conference Proceedings

ISBN

978-80-213-3126-6

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

287-292

Název nakladatele

Česká zemědělská univerzita v Praze

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

8. 9. 2021

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000936369700047