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The employment dimension of construction: a closed input-output analysis
Journal article

The employment dimension of construction: a closed input-output analysis

Christoph Ernst and Marianela Sarabia
Coyuntura Económica-Investigación Económica y Social, Vol.XLIV(1), pp.239-288
2014

Abstract

Construction is crucial for economic and employment growth. Output and employment multiplier effects between 1995 and 2009 were analysed using closed input-output models based on the World Input- Output Database and the EORA multi-region input-output database. Main findings are: 1.total output multipliers in construction are higher than economy but total employment multipliers in construction lack of simple patterns, they are usually uppermost just in higher income countries; 2.decreasing trends of total employment and output, to a lesser extent, multiplier effects at overall level and in construction; 3.direct and indirect effects remain steady, but induced effects have accounted for most of the changes of total effects; 4.mostly, cross-time changes in domestic positions of output and employment multipliers of construction were in the same direction; 5.deflators of the real labour cost per unit of output in foreign currency become key variables to explain performances of ratios of employment to output multipliers.
url
http://hdl.handle.net/11445/715View
url
http://www.repository.fedesarrollo.org.co/bitstream/11445/715/2/Co_Eco_Junio_2014_Sarabia_y_Ernst.pdfView

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