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New Construction and Reconstruction: Impact on Growth of Sub-Regions of Mainland Portugal

Author

Listed:
  • Vera Mota

    (Beira Interior University, Covilhă, Portugal)

  • Paulo Maçãs Nunes

    (Beira Interior University, Covilhă, Portugal)

  • António Fernandes de Matos

    (CEFAGE- UE (Center for Advanced Studies in Management and Economics), Évora, Portugal)

Abstract

Based on a panel made up of 28 sub-regions (NUT III) of mainland Portugal for the period 1995-2006, we show that building reconstruction has a positive impact on the economic growth of sub-regions of mainland Portugal, whereas the effect of new construction seems to be of negligible importance. The empirical evidence obtained in this study lets us make suggestions on urban policy for countries in general, and for Portugal in particular, namely to concentrate on reconstruction rather than new buildings.

Suggested Citation

  • Vera Mota & Paulo Maçãs Nunes & António Fernandes de Matos, 2010. "New Construction and Reconstruction: Impact on Growth of Sub-Regions of Mainland Portugal," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 169-176, February.
    • Handle: RePEc:aes:amfeco:v:12:y:2010:i:27:p:169-176
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    References listed on IDEAS

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    Cited by:

    1. José Luis Alfaro Navarro & Víctor Raúl López Ruiz & Domingo Nevado Pena, 2013. "A theoretical intellectual capital model applied to cities," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(34), pages 455-468, June.

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    More about this item

    Keywords

    construction of new buildings; dynamic panel estimators; economic growth; reconstruction of buildings; sub-regions;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • R59 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Other

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