Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania
The construction sector has been marked in recent years by unforeseen events that have changed the plans of many companies in the sector. This paper examines the evolution of this sector before, during and after the SARS-COV2 pandemic. The aim of this paper is to highlight how construction companies...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2023-06-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_11_no_1/geo_2023_vol11_no1_art_011.pdf |
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| author | MARIA-ZENOVIA GRIGORE CAMELIA BÎZNĂ |
| author_facet | MARIA-ZENOVIA GRIGORE CAMELIA BÎZNĂ |
| author_sort | MARIA-ZENOVIA GRIGORE |
| collection | DOAJ |
| description | The construction sector has been marked in recent years by unforeseen events that have changed the plans of many companies in the sector. This paper examines the evolution of this sector before, during and after the SARS-COV2 pandemic. The aim of this paper is to highlight how construction companies have managed their business with the threat of the pandemic crisis. The method used is a comparative analysis from 2015 to 2022 inclusively, so that we can observe the stage of development of firms operating in the construction sector precursor to the pandemic, and the effects it has had. For the period 2019-2022, we have also analyzed the impact of the increase in the minimum wage and of the tax facilities for construction employees on the development of the construction industry. Among the indicators analyzed are the gross value added of the construction sector, the volume of construction work by structural elements, net investment and construction cost growth. The study highlights the extent to which the construction sector has been affected by the pandemic crisis, but also the factors that could lead to the development of this sector. |
| format | Article |
| id | doaj-art-0fbba8e5f29f4ce987d4e62d80e36a21 |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2023-06-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-0fbba8e5f29f4ce987d4e62d80e36a212025-08-20T04:02:37ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502023-06-0111197107Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania MARIA-ZENOVIA GRIGORE 0CAMELIA BÎZNĂ 1Associate professor, PhD. Faculty of Economics and Business Administration, „Nicolae Titulescu” University from Bucharest ROMANIA, mgrigore@univnt.ro Postgraduate student, Faculty of Economics and Business Administration, „Nicolae Titulescu” University from Bucharest ROMANIA cameliam40393@univnt.ro The construction sector has been marked in recent years by unforeseen events that have changed the plans of many companies in the sector. This paper examines the evolution of this sector before, during and after the SARS-COV2 pandemic. The aim of this paper is to highlight how construction companies have managed their business with the threat of the pandemic crisis. The method used is a comparative analysis from 2015 to 2022 inclusively, so that we can observe the stage of development of firms operating in the construction sector precursor to the pandemic, and the effects it has had. For the period 2019-2022, we have also analyzed the impact of the increase in the minimum wage and of the tax facilities for construction employees on the development of the construction industry. Among the indicators analyzed are the gross value added of the construction sector, the volume of construction work by structural elements, net investment and construction cost growth. The study highlights the extent to which the construction sector has been affected by the pandemic crisis, but also the factors that could lead to the development of this sector. http://www.globeco.ro/wp-content/uploads/vol/split/vol_11_no_1/geo_2023_vol11_no1_art_011.pdfconstructionpandemicgross value added of the construction sectornet investmenttax breaks |
| spellingShingle | MARIA-ZENOVIA GRIGORE CAMELIA BÎZNĂ Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania Global Economic Observer construction pandemic gross value added of the construction sector net investment tax breaks |
| title | Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania |
| title_full | Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania |
| title_fullStr | Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania |
| title_full_unstemmed | Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania |
| title_short | Economic Impact of the Coronavirus Crisis on the Construction Sector in Romania |
| title_sort | economic impact of the coronavirus crisis on the construction sector in romania |
| topic | construction pandemic gross value added of the construction sector net investment tax breaks |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_11_no_1/geo_2023_vol11_no1_art_011.pdf |
| work_keys_str_mv | AT mariazenoviagrigore economicimpactofthecoronaviruscrisisontheconstructionsectorinromania AT cameliabizna economicimpactofthecoronaviruscrisisontheconstructionsectorinromania |