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Determinants of cyclical changes within the construction sector

Author

Listed:
  • Wiesław Matwiejczuk

    (Białystok University of Technology)

  • Mariusz Gorustowicz

    (Białystok University of Technology)

Abstract

Motivation: The specifics and operation conditions of enterprises including the construction sector companies cause sensitivity to economic fluctuations manifested in the cyclical disorders of economic activity level (business cycles). Background research work is to determine the effect of internal and external environment on a range of determinants of the economic situation fluctuations potentially occurring in the sphere of the construction sector. Aim: The aim of this article is to present the main factors affecting economic condition fluctuations in the construction sector and their impact on company operation. Results: The result of the study and documents analysis will include identification of factors affecting to the highest degree the economic fluctuations in the construction sector and their impact on the functioning of the enterprise. These factors will be specified from among the macro-economic environment but mainly from the internal environment of the company. Developed proposals will be useful in building the short- and long-term operation strategy for both the construction companies and the entire sphere of the construction sector.

Suggested Citation

  • Wiesław Matwiejczuk & Mariusz Gorustowicz, 2017. "Determinants of cyclical changes within the construction sector," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 16(4), pages 459-470, December.
    • Handle: RePEc:cpn:umkeip:v:16:y:2017:i:4:p:459-470
    DOI: 10.12775/EiP.2017.032
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    References listed on IDEAS

    as
    1. Barsky, Robert B. & Sims, Eric R., 2011. "News shocks and business cycles," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 273-289.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic situation fluctuations; determinants; economic activity of businesses; construction sector;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L78 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Government Policy

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