Title
The construction sector in twenty european countries during the recession 2008-2009-country ranking by MULTIMOORA
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Vilnius ,
Subject
Economics
Source (journal)
International journal of strategic property management : research journal of Vilnius Gediminas Technical University, Lithuanian Academy of Sciences, Napier University. - Vilnius, 2003, currens
International journal of strategic property management : research journal of Vilnius Gediminas Technical University, Lithuanian Academy of Sciences, Napier University. - Vilnius, 2003, currens
Volume/pages
17(2013) :1 , p. 58-78
ISSN
1648-715X
ISI
000317534100005
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
The recession 2008-2009 which influenced the World economy has set new challenges for the development of the European construction sector. In the years 2008-2009 a great number of countries faced serious production and employment breakdowns. The purpose of this paper is to analyze the construction sector from a macroeconomic point of view by comparing construction market variations appeared during the crisis in twenty European countries. Therefore statistical indicators of the construction sector were used and a multi-objective evaluation method under the name of MULTIMOORA was employed. However these traditional indicators of the construction sector deliver an incomplete definition of real situations within the sector as during the recession plenty of constructed buildings remained unsold. Therefore the authors of this article propose a rather complex comparison of construction indicators for different European countries. The case study provides the analysis and calculations performed with the help of the MULTIMOORA method. This method enables the evaluation of European countries in accordance with the investigated objectives and ranges them into different groups according to the objectives set for the construction sector.
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