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An Overview of the Business Approach and Labor Costs in the Construction Industry. Case Study: Romania’s Counties by the Sea

Author

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  • Ionela Munteanu

    (The Bucharest University of Economics Studies)

Abstract

The context of construction reflects the complexity of technological advancements, industrial modelling and simulation, intertwined by the need for economic attention. The current paper captures the evolution of businesses and labor indicators in the construction industry of Romanian companies in the seaside region and determines a series of illustrated trends of the labor cost in the principal subsectors specific to construction engineering domain. By combining case study observation and quantitative analysis methods, we could express in suggestive figures the diverse, divergent and compelling business context in the construction industry of Romania’s two counties by the sea, Constanta and Tulcea. The dichotomic issues found during our study provide insights into the complex competition, business approach and labor costs in the construction context. The motivation for research and need to disseminate managerial knowledge derives from the impetus to enhance productivity and support for the economic development strategies in Eastern Europe.

Suggested Citation

  • Ionela Munteanu, 2020. "An Overview of the Business Approach and Labor Costs in the Construction Industry. Case Study: Romania’s Counties by the Sea," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 971-977, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:971-977
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%205/25.pdf
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    References listed on IDEAS

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    1. Norina Popovici & Camelia Mihai & Ion Devder, 2019. "The Macroeconomic Impact on Romanians' Quality of Life," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 158-167, December.
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    Cited by:

    1. Kamer Ainur AIVAZ, 2021. "Financial Performance Trends and Corporate Responsibility Incentives in a Group of Support Services in Constanța County, Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 52-60.
    2. Kamer-Ainur Aivaz & Mari-Isabella Stan & Dragoş-Florian Vintilă, 2021. "Why Should Fisheries and Agriculture Be Considered Priority Domains for Maritime Spatial Planning in the Black Sea? A Stakeholder Perspective," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 12-20, December.

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      More about this item

      Keywords

      construction industry; labor costs; employment; business approach;
      All these keywords.

      JEL classification:

      • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
      • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
      • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
      • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
      • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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