Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/182003
Authors: 
Sagner, Pekka
Voigtländer, Michael
Year of Publication: 
2018
Series/Report no.: 
IW-Report 32/2018
Abstract: 
This paper presents the current state of construction investments in the European Union and illustrates its development pre-, during and post- the recent economic and financial crisis. Construction investments were affected strongly by the economic turbulences caused by the crisis. In several EU member states construction investments are not yet back to pre-crisis levels. We further illustrate the importance of construction investments for the EU's gross fixed capital formation and in terms of gross domestic product. The analysis then presents potential challenges for the EU's construction sector. Based on the development of office employment in the past, and its current state, it is likely that demand for commercial construc-tion in the form of office buildings will increase in the future. In addition, infrastructure in-vestments must increase in order to meet the current and future needs.
JEL: 
R33
J11
O52
Document Type: 
Research Report
Social Media Mentions:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.