Publication
Title
Was the construction sector in 20 European countries anti-cyclical during the recession years 2008-2009 as measured by multicriteria analysis (MULTIMOORA)?
Author
Abstract
The thesis of Keynes that public investment may act as a remedy in recession years is well-known. This thesis is examined on basis of the behavior of different criteria measuring the construction sector during the recession years 20082009 for 20 European Countries. During these recession years all these criteria showed a pro-cyclical movement instead of an anti- cyclical one. MULTIMOORA, a multi-objective optimization method, aggregated the different criteria. In addition knowing that public investments, in fact public works, take a long time between decision and execution one may conclude that they are not an anti-cyclical instrument in recession years. It would mean that the thesis of Keynes is wrong. Keywords J. M. Keynes; construction sector; recession; criteria; MULTIMOORA
Language
English
Source (journal)
Procedia computer science
Publication
Amsterdam : Elsevier, 2014
ISSN
1877-0509
Volume/pages
31(2014), p. 949-956
ISI
000360713800109
Note
General: 2nd International Conference on Information Technology and Quantitative Management, ITQM 2014, Moscow, 3-5 June 2014
Full text (Publisher's DOI)
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 03.04.2015
Last edited 04.10.2017
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