The association of selected economic parameters in construction output – an international comparison
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2016, Vol 29, Issue 1
Abstract
The aim of this article is to illustrate the impact which the ongoing economic crisis, together with the 2012 amendment to the Public Procurement Act, has had on the construction industry in the Czech Republic (CR) and in neighbouring Austria. In 2012 and 2013, a research project entitled ‘Cross-border cooperation between construction companies in the South Moravian Region, Lower Austria and the city of Vienna’ was carried out. The research took the form of a questionnaire addressed to 3000 construction companies in these regions. The results of the questionnaire then underwent statistical analysis. The research showed that in the CR price was no longer linked with quality in construction work and that customers were guided by other measurable criteria, such as the warranty. The statistical investigation among companies also showed that there is a clear relationship between quality and the cost of the work carried out, and that the warranty is an important criterion for measuring the quality of construction work.
Authors and Affiliations
Pavla Odehnalová, Lenka Komárková, Petr Pirožek
Keywords
Related Articles
- EP ID EP201437
- DOI 10.1080/1331677X.2015.1106331
- Views 78
- Downloads 0
Use of the method of the stochastic trend for NAIRU estimation in the Czech Republic and Slovakia at the macro- and meso-levels
The article provides an analysis of the development of NAIRU and the economic cycle in the labour market at the level of the economy and in selected sectors in the Czech Republic and Slovakia. The analysis focuses on est...
The gender gap in economic dependency over the life cycle: some theoretical and practical considerations
Economic analysis usually defines the period of dependency with arbitrary age limits that are independent of country, year, gender and other factors. This paper uses the National Transfer Accounts methodology, which defi...
Difference or not to difference an integrated time series? An empirical investigation
This paper uses the gross domestic product growth rates of Malaysia, Thailand, Indonesia and China in an empirical examination to determine whether an integrated time series should be differenced before it is used for fo...
The revenues-spending nexus in Romania: a TAR and MTAR approach
This study is an attempt to test the relationship between revenues and government spending, in the case of Romania, over the 1999Q1–2012Q1 period. For this purpose, we have chosen the Threshold Autoregressive (TAR) and M...
Mean reversion in international markets: evidence from G.A.R.C.H. and half-life volatility models
The objective of this research is to examine and compare the mean reversion phenomenon in developed and emerging stock markets. An important aim is to measure and compare the speed of mean reversion and half-life of vola...