It takes the average reader and 38 minutes to read The Driving Force behind the Boom and Bust in Construction in Europe by Mr.Yan Sun
Assuming a reading speed of 250 words per minute. Learn more
This paper studies the factors behind pro-cyclical but widely varying construction shares (as a percent of GDP) across countries, with a strong focus on European countries. Using a dataset covering 48 countries (including advanced and emerging economies within and outside Europe) for 1990-2011, we find that country’s geography, demographics, and economic conditions are the key determinants of a norm around which actual construction shares revolve in a simple AR(1) and error-correction process. The empirical results show that in many European countries, construction shares overshoot relative to their norms before the recent global crisis, but they have fallen significantly since the crisis. Nevertheless, there is still room for further adjustment in construction shares in some countries which may weigh on economic recovery.
The Driving Force behind the Boom and Bust in Construction in Europe by Mr.Yan Sun is 37 pages long, and a total of 9,509 words.
This makes it 12% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read The Driving Force behind the Boom and Bust in Construction in Europe aloud.
The Driving Force behind the Boom and Bust in Construction in Europe is suitable for students ages 8 and up.
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