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Financial Crisis Impact On Construction And Real Estate Sectors In Romania

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  • Florina Mocanu

    (Valahia University in Târgoviste)

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    Abstract

    This paper presents the evolution of construction and real estate sectors in Romania in the context of current financial crisis, highlighting the internal and international economic climate. The evolutions of the main macroeconomic indicators and sectoral factors of influence on them are presented. Construction and real estate sectors are particularly affected by the worsening perception of the risk, of financing difficulties, doubling the risk of liquidity with the solvency one.

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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA09/REBE-FA09-A11.pdf
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    Bibliographic Info

    Article provided by Romanian-American University in its journal Romanian Economic and Business Review.

    Volume (Year): 4 (2009)
    Issue (Month): 3 (September)
    Pages: 127-136

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    Handle: RePEc:rau:journl:v:4:y:2009:i:3:p:127-136

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    Related research

    Keywords: financial crisis; construction sector; gross domestic product; added value; liquidity;

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    1. Heitor Almeida & Thomas Philippon, 2005. "The Risk-Adjusted Cost of Financial Distress," NBER Working Papers 11685, National Bureau of Economic Research, Inc.
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